Is Chambers Street Properties (CSG) A Good Stock To Buy?

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The 700+ hedge funds and money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund positions. Our extensive review of these public filings is finally over, so this article is set to reveal the smart money sentiment towards Chambers Street Properties (NYSE:CSG).

Chambers Street Properties investors should be aware of an increase in support from the world’s most elite money managers of late. At the end of this article we will also compare CSG to other stocks including Sanderson Farms, Inc. (NASDAQ:SAFM), Acxiom Corporation (NASDAQ:ACXM), and WMS Industries Inc. (NYSE:WMS) to get a better sense of its popularity.

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In the eyes of most market participants, hedge funds are viewed as slow, outdated investment vehicles of the past. While there are more than 8000 funds with their doors open today, Our researchers choose to focus on the elite of this club, approximately 700 funds. Most estimates calculate that this group of people have their hands on the majority of the smart money’s total asset base, and by tracking their inimitable equity investments, Insider Monkey has determined a few investment strategies that have historically beaten the broader indices. Insider Monkey’s small-cap hedge fund strategy defeated the S&P 500 index by 12 percentage points per annum for a decade in their back tests.

With all of this in mind, we’re going to go over the new action regarding Chambers Street Properties (NYSE:CSG).

What does the smart money think about Chambers Street Properties (NYSE:CSG)?

At the end of the third quarter, a total of 20 of the hedge funds tracked by Insider Monkey were long this stock, a change of 43% from the previous quarter. With hedge funds’ capital changing hands, there exists an “upper tier” of key hedge fund managers who were increasing their stakes substantially (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Douglas Dossey and Arthur Young’s Tensile Capital has the biggest position in Chambers Street Properties (NYSE:CSG), worth close to $29.3 million, corresponding to 8.8% of its total 13F portfolio. Sitting at the No. 2 spot is Citadel Investment Group, managed by Ken Griffin, which holds a $22.9 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Other hedge funds and institutional investors that are bullish comprise Jim Simons’s Renaissance Technologies, Shane Finemore’s Manikay Partners and Israel Englander’s Millennium Management.

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