StanCorp Financial Group, Inc. (SFG) Jumps 48% On Japan-Based Meiji Yasuda’s Takeover: Which Hedge Funds Cashed In?

What does the smart money think about StanCorp Financial Group, Inc. (NYSE:SFG)?

According to Insider Monkey’s hedge fund database, Ken Fisher‘s Fisher Asset Management had the largest position in StanCorp Financial Group, Inc. (NYSE:SFG), with around 527,000 shares worth close to $36.1 million by the end of March, accounting for 0.1% of its total 13F portfolio. The second-most bullish hedge fund manager is Ken Griffin of Citadel Investment Group, with around 264,000 shares valued at $18.1 million; less than 0.1% of its 13F portfolio is allocated to the company. Other members of the smart money that hold long positions encompass Richard S. Pzena’s Pzena Investment Management, Jim Simons‘ Renaissance Technologies, and Cliff Asness‘ AQR Capital Management.

Judging by the fact that StanCorp Financial Group, Inc. (NYSE:SFG) has faced falling interest from the aggregate hedge fund industry, it’s safe to say that there exists a select few fund managers that elected to cut their full holdings in the first quarter. Interestingly, Michael Platt and William Reeves‘ Bluecrest Capital Mgmt said goodbye to the stock by selling around 44,800 shares during the first three months. Peter Muller’s fund, PDT Partners, also sold all of its 22,038 shares during the first trimester.

Taking into account the decreasing interest in StanCorp Financial Group, Inc. (NYSE:SFG) by hedgies, we can say that the hedge funds which opted to pull money out of this stock were wrong to do so, as Meiji Yasuda’s takeover of StanCorp has propelled the stock to new heights. Those hedgies who were long tended to be gargantuan funds with miniscule positions in the company compared to their total holdings. All in all, hedgies appear to have missed out on the big move today.

Disclosure: None