China Yuchai International Limited (NYSE:CYD) investors should be aware of an increase in hedge fund sentiment recently.
In the 21st century investor’s toolkit, there are many methods shareholders can use to monitor stocks. Two of the most useful are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best investment managers can outpace the market by a solid margin (see just how much).
Just as beneficial, positive insider trading sentiment is another way to parse down the marketplace. There are a number of reasons for an insider to downsize shares of his or her company, but just one, very clear reason why they would initiate a purchase. Many empirical studies have demonstrated the market-beating potential of this method if shareholders understand where to look (learn more here).
Consequently, it’s important to take a peek at the key action surrounding China Yuchai International Limited (NYSE:CYD).
How are hedge funds trading China Yuchai International Limited (NYSE:CYD)?
At the end of the first quarter, a total of 8 of the hedge funds we track were bullish in this stock, a change of 14% from the first quarter. With hedge funds’ sentiment swirling, there exists a few key hedge fund managers who were increasing their holdings considerably.
According to our comprehensive database, Shah Capital Management, managed by Himanshu H. Shah, holds the most valuable position in China Yuchai International Limited (NYSE:CYD). Shah Capital Management has a $36.5 million position in the stock, comprising 41.2% of its 13F portfolio. On Shah Capital Management’s heels is Forward Management, managed by J. Alan Reid, Jr., which held a $4.2 million position; the fund has 0.3% of its 13F portfolio invested in the stock. Remaining peers that are bullish include Jean-Marie Eveillard’s First Eagle Investment Management, John Overdeck and David Siegel’s Two Sigma Advisors and Matthew Hulsizer’s PEAK6 Capital Management.
As one would reasonably expect, specific money managers were breaking ground themselves. Renaissance Technologies, managed by Jim Simons, created the largest position in China Yuchai International Limited (NYSE:CYD). Renaissance Technologies had 0.3 million invested in the company at the end of the quarter.
How have insiders been trading China Yuchai International Limited (NYSE:CYD)?
Bullish insider trading is best served when the company in focus has experienced transactions within the past six months. Over the last 180-day time frame, China Yuchai International Limited (NYSE:CYD) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
With the returns exhibited by our research, everyday investors must always watch hedge fund and insider trading activity, and China Yuchai International Limited (NYSE:CYD) is no exception.