Is Model N Inc (MODN) Worthy of Your Portfolio?

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In this article, we are going to take a closer look at Model N Inc (NYSE:MODN). Overall, the stock didn’t see a lot of action during the third quarter and the hedge fund sentiment was unchanged. The stock was included in the portfolios of 13 funds from our database at the end of September. At the end of this article we will also compare MODN to other stocks including Aquinox Pharmaceuticals Inc (NASDAQ:AQXP), Luxfer Holdings PLC (ADR) (NYSE:LXFR), and FRP Holdings Inc (NASDAQ:FRPH) to get a better sense of its popularity.

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With all of this in mind, we’re going to take a gander at the new action regarding Model N Inc (NYSE:MODN).

What have hedge funds been doing with Model N Inc (NYSE:MODN)?

Heading into the fourth quarter of 2016, a total of 13 of the hedge funds tracked by Insider Monkey were bullish on this stock, unchanged over the quarter. Below, you can check out the change in hedge fund sentiment towards MODN over the last five quarters. With hedgies’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were upping their stakes considerably (or already accumulated large positions).


According to Insider Monkey’s hedge fund database, George Soros’ Soros Fund Management holds the most valuable position in Model N Inc (NYSE:MODN). Soros Fund Management has a $30 million position in the stock. The second most bullish fund manager is Robert G. Moses’ RGM Capital which holds a $26.9 million position; 3% of its 13F portfolio is allocated to the stock. Some other hedge funds and institutional investors with similar optimism encompass Jeremy Green’s Redmile Group, Renaissance Technologies, one of the largest hedge funds in the world, and Brandon Osten’s Venator Capital Management. We should note that two of these hedge funds (Soros Fund Management and RGM Capital) are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.

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