SolarWinds Inc (NYSE:SWI) was in 19 hedge funds’ portfolio at the end of December. SWI has seen an increase in activity from the world’s largest hedge funds of late. There were 17 hedge funds in our database with SWI positions at the end of the previous quarter.
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Now, we’re going to take a gander at the latest action surrounding SolarWinds Inc (NYSE:SWI).
How are hedge funds trading SolarWinds Inc (NYSE:SWI)?
At the end of the fourth quarter, a total of 19 of the hedge funds we track were bullish in this stock, a change of 12% from the previous quarter. With hedgies’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were increasing their stakes substantially.
When looking at the hedgies we track, Jim Simons’s Renaissance Technologies had the largest position in SolarWinds Inc (NYSE:SWI), worth close to $73 million, accounting for 0.2% of its total 13F portfolio. The second largest stake is held by Scott McLellan of Marble Arch Investments, with a $52 million position; 0.1% of its 13F portfolio is allocated to the company. Remaining hedge funds that hold long positions include Andrew Sandler’s Sandler Capital Management, Richard Driehaus’s Driehaus Capital and Ken Griffin’s Citadel Investment Group.
With a general bullishness amongst the heavyweights, specific money managers were breaking ground themselves. Ellington, managed by Mike Vranos, established the most outsized position in SolarWinds Inc (NYSE:SWI). Ellington had 0 million invested in the company at the end of the quarter. Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners also initiated a $0 million position during the quarter. The other funds with new positions in the stock are Glenn Russell Dubin’s Highbridge Capital Management, Joe DiMenna’s ZWEIG DIMENNA PARTNERS, and Mark A. Nordlicht’s Platinum Management.
How have insiders been trading SolarWinds Inc (NYSE:SWI)?
Insider buying is best served when the company in question has experienced transactions within the past half-year. Over the latest half-year time frame, SolarWinds Inc (NYSE:SWI) has experienced zero unique insiders purchasing, and 9 insider sales (see the details of insider trades here).
With the results exhibited by Insider Monkey’s time-tested strategies, retail investors should always pay attention to hedge fund and insider trading sentiment, and SolarWinds Inc (NYSE:SWI) is an important part of this process.
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