Martin Marietta Materials, Inc. (NYSE:MLM) was in 22 hedge funds’ portfolio at the end of the fourth quarter of 2012. MLM has seen an increase in hedge fund interest in recent months. There were 18 hedge funds in our database with MLM positions at the end of the previous quarter.
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With all of this in mind, let’s take a look at the latest action regarding Martin Marietta Materials, Inc. (NYSE:MLM).
Hedge fund activity in Martin Marietta Materials, Inc. (NYSE:MLM)
At year’s end, a total of 22 of the hedge funds we track held long positions in this stock, a change of 22% from the third quarter. With hedge funds’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were increasing their holdings meaningfully.
When looking at the hedgies we track, Mason Hawkins’s Southeastern Asset Management had the biggest position in Martin Marietta Materials, Inc. (NYSE:MLM), worth close to $550 million, accounting for 2.4% of its total 13F portfolio. Coming in second is Jean-Marie Eveillard of First Eagle Investment Management, with a $229 million position; 1.3% of its 13F portfolio is allocated to the stock. Some other peers that hold long positions include John H. Scully’s SPO Advisory Corp, Tom Russo’s Gardner Russo & Gardner and Wallace Weitz’s Wallace R. Weitz & Co..
With a general bullishness amongst the heavyweights, some big names have jumped into Martin Marietta Materials, Inc. (NYSE:MLM) headfirst. Highline Capital Management, managed by Jacob Doft, established the largest position in Martin Marietta Materials, Inc. (NYSE:MLM). Highline Capital Management had 27 million invested in the company at the end of the quarter. Charles Clough’s Clough Capital Partners also made a $22 million investment in the stock during the quarter. The following funds were also among the new MLM investors: John Fichthorn’s Dialectic Capital Management, SAC Subsidiary’s CR Intrinsic Investors, and Israel Englander’s Catapult Capital Management.
Insider trading activity in Martin Marietta Materials, Inc. (NYSE:MLM)
Insider buying is at its handiest when the primary stock in question has seen transactions within the past six months. Over the last half-year time frame, Martin Marietta Materials, Inc. (NYSE:MLM) has seen zero unique insiders purchasing, and 7 insider sales (see the details of insider trades here).
With the returns shown by our strategies, retail investors must always pay attention to hedge fund and insider trading sentiment, and Martin Marietta Materials, Inc. (NYSE:MLM) shareholders fit into this picture quite nicely.
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