Jaguar Mining Inc (USA) (NYSE:JAG) was in 5 hedge funds’ portfolio at the end of the first quarter of 2013. JAG shareholders have witnessed a decrease in support from the world’s most elite money managers lately. There were 8 hedge funds in our database with JAG positions at the end of the previous quarter.
In the 21st century investor’s toolkit, there are tons of gauges shareholders can use to monitor the equity markets. Two of the most useful are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite investment managers can beat their index-focused peers by a significant amount (see just how much).
Just as integral, positive insider trading sentiment is another way to parse down the investments you’re interested in. As the old adage goes: there are lots of motivations for an executive to cut shares of his or her company, but just one, very obvious reason why they would buy. Several empirical studies have demonstrated the valuable potential of this strategy if “monkeys” understand what to do (learn more here).
Consequently, we’re going to take a gander at the latest action surrounding Jaguar Mining Inc (USA) (NYSE:JAG).
What have hedge funds been doing with Jaguar Mining Inc (USA) (NYSE:JAG)?
Heading into Q2, a total of 5 of the hedge funds we track were bullish in this stock, a change of -38% from the first quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of notable hedge fund managers who were boosting their holdings considerably.
According to our comprehensive database, Trey Reik’s Bristol Investment Partners had the most valuable position in Jaguar Mining Inc (USA) (NYSE:JAG), worth close to $2.5 million, comprising 2.4% of its total 13F portfolio. Sitting at the No. 2 spot is Sun Valley Gold, managed by Peter Franklin Palmedo, which held a $0.9 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Other peers with similar optimism include Ken Griffin’s Citadel Investment Group, Israel Englander’s Millennium Management and D. E. Shaw’s D E Shaw.
Seeing as Jaguar Mining Inc (USA) (NYSE:JAG) has experienced declining sentiment from the entirety of the hedge funds we track, logic holds that there is a sect of funds that elected to cut their positions entirely at the end of the first quarter. At the top of the heap, Jim Simons’s Renaissance Technologies cut the biggest stake of the 450+ funds we key on, valued at an estimated $0.1 million in stock.. John Zaro’s fund, Bourgeon Capital, also said goodbye to its stock, about $0 million worth. These transactions are intriguing to say the least, as total hedge fund interest fell by 3 funds at the end of the first quarter.
What have insiders been doing with Jaguar Mining Inc (USA) (NYSE:JAG)?
Insider purchases made by high-level executives is particularly usable when the company in focus has seen transactions within the past half-year. Over the last six-month time frame, Jaguar Mining Inc (USA) (NYSE:JAG) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
With the results shown by the aforementioned tactics, everyday investors should always watch hedge fund and insider trading activity, and Jaguar Mining Inc (USA) (NYSE:JAG) is no exception.