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Visteon Corp (NYSE:VC) investors should pay attention to a decrease in hedge fund sentiment lately. At the end of this article we will also compare VC to other stocks including Laredo Petroleum Inc (NYSE:LPI), InterOil Corporation (USA) (NYSE:IOC), and Eastgroup Properties Inc (NYSE:EGP) to get a better sense of its popularity.
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Keeping this in mind, we’re going to view the latest action regarding Visteon Corp (NYSE:VC).
What does the smart money think about Visteon Corp (NYSE:VC)?
Heading into the fourth quarter of 2016, a total of 29 of the hedge funds tracked by Insider Monkey were long this stock, down 6% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were increasing their holdings meaningfully (or already accumulated large positions).
Of the funds tracked by Insider Monkey, Iridian Asset Management, run by David Cohen and Harold Levy, holds the number one position in Visteon Corp (NYSE:VC). According to regulatory filings, the fund has a $220.1 million position in the stock, comprising 1.9% of its 13F portfolio. The second most bullish fund manager is Solus Alternative Asset Management, led by Christopher Pucillo, holding an $87.6 million position; 24.4% of its 13F portfolio is allocated to the company. Other members of the smart money with similar optimism contain Cliff Asness’ AQR Capital Management, D. E. Shaw’s D E Shaw and Gregg J. Powers’ Private Capital Management.