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 Kate Spade & Co (KATE) 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.

Kate Spade & Co (NYSE:KATE) has experienced a decrease in support from the world’s most elite money managers recently. KATE was in 29 hedge funds’ portfolios at the end of September. There were 30 hedge funds in our database with KATE positions at the end of the previous quarter. At the end of this article we will also compare KATE to other stocks including Logitech International SA (USA) (NASDAQ:LOGI), UMB Financial Corporation (NASDAQ:UMBF), and GrubHub Inc (NYSE:GRUB) to get a better sense of its popularity.

Follow Kate Spade & Co (NYSE:KATE)
Trade (NYSE:KATE) Now!

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.

Clothing Stocks Retailers

View Apart /

What have hedge funds been doing with Kate Spade & Co (NYSE:KATE)?

At the end of the third quarter, a total of 29 of the hedge funds tracked by Insider Monkey were long this stock, a drop of 3% from the second quarter of 2016, and the third consecutive quarter in which fewer hedge funds have owned shares of KATE. With hedge funds’ capital changing hands, there exists a few noteworthy hedge fund managers who were upping their holdings meaningfully (or already accumulated large positions).


According to Insider Monkey’s hedge fund database, OZ Management, managed by Daniel S. Och, holds the largest position in Kate Spade & Co (NYSE:KATE). OZ Management has a $79.3 million position in the stock. Coming in second is Alexander Mitchell of Scopus Asset Management, with a $56.8 million position. Remaining members of the smart money that are bullish consist of Ken Fisher’s Fisher Asset Management, Robert Pohly’s Samlyn Capital, and Kamyar Khajavi’s MIK Capital.

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.