Mason Hawkins & His Multi-Billion Dollar Fund Just Sold More Vulcan Materials Company (VMC)

This just in, Mason Hawkins’ Southeastern Asset Management reported its selling of 2,541,753 shares of Vulcan Materials Company (NYSE:VMC) in a 13G filing with the Securities and Exchange Commission. Altogether, the position in Vulcan is now valued at close to $327.3 million, a decrease of 30.8%.

Generally speaking, 13Gs tell us the goals of passive fund managers. These members of the “investing elite” aren’t exposed to the same level of coverage as their activist peers, but passive managers must be analyzed in a similar light. To put it simply, it’s extremely important for average investors to pay attention to Mason Hawkins’s latest move into Vulcan Materials Company (NYSE:VMC).

In the financial world, there are a wide range of equity-based methods of evaluation, but there is one that is often overlooked: aggregate hedge fund sentiment. Our research have demonstrated that retail investors who follow specific hedge fund activity can outperform the market by an average of 18 percentage points per year (see the details here).

Focusing in on Vulcan Materials Company (NYSE:VMC), our records indicate that 23 other hedge funds were bullish on Vulcan in the latest round of 13F filings.

In particular, Jean-Marie Eveillard’s, First Eagle Investment Management, Robert Pohly’s Samlyn Capital, and Ken Brodkowitz and Mike Vermut’s Newland Capital were long in Vulcan, which is some of the top company any hedge fund can keep.

Additionally, we should mention a few other holdings in Southeastern Asset Management’s equity portfolio, in addition to Vulcan Materials Company (NYSE:VMC). As follows, they include FedEx Corporation (NYSE:FDX), Dell Inc. (NASDAQ:DELL) and The Walt Disney Company (NYSE:DIS), among others.

Here’s how his top ten looked at the end of the fourth quarter:

With that being said Insider Monkey will keep you updated about hedge fund sentiment surrounding Vulcan Materials Company (NYSE:VMC).

Disclosure: none