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Is Arrow Electronics, Inc. (ARW) A Good Stock To Buy?

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Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds and investors’ positions as of the end of the third quarter. You can find write-ups about an individual hedge fund’s trades on several financial news websites. However, in this article we will take a look at their collective moves and analyze what the smart money thinks of Arrow Electronics, Inc. (NYSE:ARW) based on that data.

Arrow Electronics, Inc. (NYSE:ARW) was in 18 hedge funds’ portfolios at the end of September. ARW has seen a decrease in hedge fund sentiment in recent months. There were 23 hedge funds in our database with ARW holdings at the end of the previous quarter. At the end of this article we will also compare ARW to other stocks including Seattle Genetics, Inc. (NASDAQ:SGEN), Genpact Limited (NYSE:G), and CF Industries Holdings, Inc. (NYSE:CF) to get a better sense of its popularity.

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At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 18% gains over the past 12 months, more than doubling the 8% returns enjoyed by the S&P 500 ETFs.

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How have hedgies been trading Arrow Electronics, Inc. (NYSE:ARW)?

Heading into the fourth quarter of 2016, a total of 18 of the hedge funds tracked by Insider Monkey were bullish on this stock, a fall of 22% from one quarter earlier. The graph below displays the number of hedge funds with bullish position in ARW over the last 5 quarters. So, let’s examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

HedgeFundSentimentChart

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey,Cliff Asness’ AQR Capital Management, holds the biggest position in Arrow Electronics, Inc. (NYSE:ARW). AQR Capital Management has a $142 million position in the stock. The second largest stake is held by Thomas E. Claugus of GMT Capital, with a $91.8 million position; 1.9% of its 13F portfolio is allocated to the company. Some other hedge funds and institutional investors that hold long positions include Robert Rodriguez and Steven Romick’s First Pacific Advisors LLC, Anand Parekh’s Alyeska Investment Group and Richard S. Pzena’s Pzena Investment Management. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.

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