Is Artisan Partners Asset Management Inc (APAM) Going To Burn These Hedge Funds?

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We already know that not all hedge funds are bullish on the stock and some hedge funds actually dropped their positions entirely. At the top of the heap, Matthew Tewksbury’s Stevens Capital Management dropped the biggest position of the “upper crust” of funds studied by Insider Monkey, worth an estimated $0.6 million in stock, and Matthew Hulsizer’s PEAK6 Capital Management was right behind this move, as the fund sold off about $0.1 million worth of shares.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Artisan Partners Asset Management Inc (NYSE:APAM) but similarly valued. These stocks are Suburban Propane Partners LP (NYSE:SPH), United Natural Foods, Inc. (NASDAQ:UNFI), YY Inc (ADR) (NASDAQ:YY), and Cardtronics, Inc. (NASDAQ:CATM). This group of stocks’ market caps are similar to APAM’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SPH 4 6526 -1
UNFI 21 162679 0
YY 30 511440 12
CATM 19 61187 5

As you can see these stocks had an average of 19 hedge funds with bullish positions and the average amount invested in these stocks was $185 million. That figure was $95 million in APAM’s case. YY Inc (ADR) (NASDAQ:YY) is the most popular stock in this table. On the other hand Suburban Propane Partners LP (NYSE:SPH) is the least popular one with only 4 bullish hedge fund positions. Artisan Partners Asset Management Inc (NYSE:APAM) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard YY might be a better candidate to consider taking a long position in.

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Disclosure: None

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