Legendary investors such as Leon Cooperman and Seth Klarman earn enormous amounts of money for themselves and their investors by doing in-depth research on small-cap stocks that big brokerage houses don’t publish. Small cap stocks -especially when they are screened well- can generate substantial outperformance versus a boring index fund. That’s why we analyze the activity of those successful funds in these small-cap stocks. In the following paragraphs, we analyze Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) from the perspective of those successful funds.
Hedge fund interest in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) shares was flat at the end of last quarter. RHP was in 21 hedge funds’ portfolios at the end of September. This is usually a negative indicator. At the end of this article we will also compare RHP to other stocks including WPX Energy Inc (NYSE:WPX), Associated Banc Corp (NYSE:ASB), and EnerSys (NYSE:ENS) to get a better sense of its popularity.
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.
Hedge fund activity in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP)
At the end of the third quarter, a total of 18 of the hedge funds tracked by Insider Monkey held long positions in this stock, unchanged from the previous quarter. The graph below displays the number of hedge funds with bullish position in RHP over the last 5 quarters. With hedge funds’ sentiment swirling, there exists a select group of key hedge fund managers who were increasing their holdings considerably (or already accumulated large positions).
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Mario Gabelli’s GAMCO Investors has the biggest position in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP), worth close to $211.5 million, amounting to 1.4% of its total 13F portfolio. Sitting at the No. 2 spot is Gilchrist Berg’s Water Street Capital, which holds a $57.7 million position; 2.2% of its 13F portfolio is allocated to the company. Some other hedge funds and institutional investors with similar optimism encompass Jay Petschek and Steven Major’s Corsair Capital Management, D. E. Shaw’s D E Shaw and Bernard Selz’s Selz Capital. We should note that none of these hedge funds 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.