Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Is Box Inc (BOX) Going to Burn These Hedge Funds?

Hedge funds and other investment firms run by legendary investors like Israel Englander and Ray Dalio are entrusted to manage billions of dollars of accredited investors’ money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to invest a greater amount of their resources in small-cap stocks than big brokerage houses, and this is often where they generate their outperformance, which is why we pay particular attention to their best ideas in this space.

Is Box Inc (NYSE:BOX) an excellent investment right now? Money managers are in a bearish mood. The number of bullish hedge fund bets were trimmed by 2 in recent months. At the end of this article, we will also compare Box Inc (NYSE:BOX) to other stocks, including Etsy Inc (NASDAQ:ETSY), Wayfair Inc (NYSE:W), and United States Steel Corporation (NYSE:X) to get a better sense of its popularity.

Follow Seacube Container Leasing Ltd.
Trade (BOX) Now!

In the financial world, there are dozens of metrics market participants can use to appraise stocks. A duo of the less known metrics are hedge fund and insider trading interest. Our researchers have shown that, historically, those who follow the best picks of the elite money managers can outclass the S&P 500 by a superb margin (see the details here).

Keeping this in mind, let’s analyze the fresh action surrounding Box Inc (NYSE:BOX).

How have hedgies been trading Box Inc (NYSE:BOX)?

Heading into Q4, a total of 7 of the hedge funds tracked by Insider Monkey were long this stock, a drop of 22% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of notable hedge fund managers who were boosting their stakes substantially (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Philippe Laffont’s Coatue Management has the biggest position in Box Inc (NYSE:BOX), worth close to $38 million, comprising 0.4% of its total 13F portfolio. The second most bullish fund manager is Altimeter Capital Management, managed by Brad Gerstner, which holds a $5 million position; 0.3% of its 13F portfolio is allocated to the company. Some other peers that hold long positions consist of Ken Griffin’s Citadel Investment Group, Renaissance Technologies, and Israel Englander’s Millennium Management.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...