Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Micron and Anadarko Petroleum, have not done well during the last 12 months ending in October due to various reasons. Nevertheless, the data show elite investors’ consensus picks have done well on average. The top 30 S&P 500 stocks among hedge funds at the end of September 2014 yielded an average return of 9.5% during the last four quarters ending in October and sixty three percent of these 30 stocks outperformed the market. S&P 500 Index returned only 5.2% during the same period and less than 49% of its constituents managed to beat this return. Because their consensus picks have done well, we pay attention to what elite funds think before doing extensive research on a stock. In this article, we take a closer look at Triple-S Management Corp.(NYSE:GTS) from the perspective of those elite funds.
Triple-S Management Corp.(NYSE:GTS) was in 21 hedge funds’ portfolios at the end of September. GTS investors should be aware of an increase in activity from the world’s largest hedge funds lately. There were 15 hedge funds in our database with GTS holdings at the end of the previous quarter. At the end of this article we will also compare GTS to other stocks including Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), Incontact Inc (NASDAQ:SAAS), and Stock Building Supply Holdings Inc (NASDAQ:STCK) to get a better sense of its popularity.
Keeping this in mind, we’re going to review the latest action regarding Triple-S Management Corp.(NYSE:GTS).
What does the smart money think about Triple-S Management Corp.(NYSE:GTS)?
At the end of the third quarter, a total of 21 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 40% from the previous quarter. With the smart money’s sentiment swirling, there exists a select group of key hedge fund managers who were increasing their stakes significantly (or already accumulated large positions).
Of the funds tracked by Insider Monkey, Richard S. Pzena’s Pzena Investment Management has the largest position in Triple-S Management Corp.(NYSE:GTS), worth close to $28.7 million, amounting to 0.2% of its total 13F portfolio. On Pzena Investment Management’s heels is Lakewood Capital Management, led by Anthony Bozza, holding a $14.1 million position; 0.5% of its 13F portfolio is allocated to the company. Other peers that are bullish encompass Anders Hallberg and Carl Bennet’s HealthInvest Partners AB, D E Shaw and Cliff Asness’ AQR Capital Management.