Hedge funds run by legendary names like Nelson Peltz and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you’ve got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the big brokerage houses don’t follow. Small caps are where they can generate significant out-performance. That’s why we pay special attention to hedge fund activity in these stocks.
Is Jones Lang LaSalle Inc (NYSE:JLL) an excellent investment today? Prominent investors are taking an optimistic view. The number of bullish hedge fund positions moved up by 4 in recent months. JLL was in 25 hedge funds’ portfolios at the end of the third quarter of 2015. There were 21 hedge funds in our database with JLL holdings at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Omega Healthcare Investors Inc (NYSE:OHI), Camden Property Trust (NYSE:CPT), and Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) to gather more data points.
Keeping this in mind, let’s review the fresh action regarding Jones Lang LaSalle Inc (NYSE:JLL).
How have hedgies been trading Jones Lang LaSalle Inc (NYSE:JLL)?
At Q3’s end, a total of 25 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 19% from the previous quarter. With hedgies’ sentiment swirling, there exists a few noteworthy hedge fund managers who were boosting their holdings significantly (or already accumulated large positions).
When looking at the institutional investors followed by Insider Monkey, Capital Growth Management, managed by Ken Heebner, holds the biggest position in Jones Lang LaSalle Inc (NYSE:JLL). Capital Growth Management has a $97.8 million position in the stock, comprising 3.2% of its 13F portfolio. On Capital Growth Management’s heels is Generation Investment Management, led by David Blood and Al Gore, holding a $96.5 million position; 1.4% of its 13F portfolio is allocated to the stock. Other peers that hold long positions contain Chuck Royce’s Royce & Associates, Sahm Adrangi’s Kerrisdale Capital and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.