SK Telecom Co., Ltd. (ADR) (SKM): Are Hedge Funds Right About This Stock?

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Hedge fund interest in SK Telecom Co., Ltd. (ADR) (NYSE:SKM) shares was flat at the end of last quarter. This is usually a negative indicator. 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 Alliance Data Systems Corporation (NYSE:ADS), Northern Trust Corporation (NASDAQ:NTRS), and Liberty Interactive Corp (NASDAQ:QVCA) to gather more data points.

Follow S K Telecom Co Ltd (NYSE:SKM)

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With all of this in mind, we’re going to take a glance at the key action regarding SK Telecom Co., Ltd. (ADR) (NYSE:SKM).

How have hedgies been trading SK Telecom Co., Ltd. (ADR) (NYSE:SKM)?

At the end of the third quarter, a total of 7 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 0% from one quarter earlier. With hedgies’ sentiment swirling, there exist a few noteworthy hedge fund managers who were boosting their holdings substantially (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Orbis Investment Management, managed by William B. Gray, holds the largest position in SK Telecom Co., Ltd. (ADR) (NYSE:SKM). Orbis Investment Management has a $76.4 million position in the stock, comprising 0.6% of its 13F portfolio. The second largest stake is held by John Overdeck and David Siegel of Two Sigma Advisors, with a $3.7 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Some other members of the smart money that are bullish include Jim Simons’s Renaissance Technologies, D. E. Shaw’s D E Shaw and David Dreman’s Dreman Value Management.