Should You Follow Hedge Funds Into Regal Beloit Corp (RBC)?

Page 1 of 2

A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period that ended September 30, so let’s proceed with the discussion of the hedge fund sentiment on Regal Beloit Corp (NYSE:RBC).

Regal Beloit Corp (NYSE:RBC) investors should pay attention to an increase in hedge fund interest recently. RBC was in 21 hedge funds’ portfolios at the end of September. There were 15 hedge funds in our database with RBC holdings at the end of the previous quarter. At the end of this article we will also compare RBC to other stocks including Companhia Paranaense de Energia (ADR) (NYSE:ELP), Kite Pharma Inc (NASDAQ:KITE), and Cree, Inc. (NASDAQ:CREE) to get a better sense of its popularity.

Follow Regal Rexnord Corp (NYSE:RRX)

At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 18% gains over the past 12 months, more than doubling the 8% returns enjoyed by the S&P 500 ETFs.

electricity, pylon, network, lines, tower, steel, caution, high, grid, power, engineering, watt, infrastructure, cable, light, supply, distribution, voltage, technology, energy, volt,


How have hedgies been trading Regal Beloit Corp (NYSE:RBC)?

At the end of the third quarter, a total of 21 of the hedge funds tracked by Insider Monkey held long positions in this stock, a 40% jump from one quarter earlier, pushing hedge fund ownership to a yearly high. With the smart money’s sentiment swirling, there exists a select group of notable hedge fund managers who were upping their holdings meaningfully (or already accumulated large positions).


When looking at the institutional investors followed by Insider Monkey, Adage Capital Management, managed by Phill Gross and Robert Atchinson, holds the number one position in Regal Beloit Corp (NYSE:RBC). Adage Capital Management has a $35.7 million position in the stock. On Adage Capital Management’s heels is Fisher Asset Management, managed by Ken Fisher, which holds a $34.7 million position. Other members of the smart money with similar optimism include Cliff Asness’ AQR Capital Management, D E Shaw, and Glenn Russell Dubin’s Highbridge Capital Management.

Page 1 of 2