Susser Holdings Corporation (NYSE:SUSS) was in 16 hedge funds’ portfolio at the end of the fourth quarter of 2012. SUSS investors should pay attention to a decrease in enthusiasm from smart money of late. There were 16 hedge funds in our database with SUSS holdings at the end of the previous quarter.
In the 21st century investor’s toolkit, there are plenty of indicators investors can use to analyze Mr. Market. Some of the most under-the-radar are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top money managers can outperform the broader indices by a very impressive amount (see just how much).
Equally as integral, optimistic insider trading activity is another way to parse down the world of equities. As the old adage goes: there are a variety of reasons for an executive to cut shares of his or her company, but only one, very simple reason why they would initiate a purchase. Various empirical studies have demonstrated the impressive potential of this strategy if “monkeys” know what to do (learn more here).
Keeping this in mind, we’re going to take a gander at the latest action regarding Susser Holdings Corporation (NYSE:SUSS).
What does the smart money think about Susser Holdings Corporation (NYSE:SUSS)?
At the end of the fourth quarter, a total of 16 of the hedge funds we track held long positions in this stock, a change of 0% from the previous quarter. With hedge funds’ capital changing hands, there exists a select group of notable hedge fund managers who were upping their stakes considerably.
When looking at the hedgies we track, Columbus Circle Investors, managed by Donald Chiboucis, holds the largest position in Susser Holdings Corporation (NYSE:SUSS). Columbus Circle Investors has a $17 million position in the stock, comprising 0.1% of its 13F portfolio. Sitting at the No. 2 spot is Renaissance Technologies, managed by Jim Simons, which held a $16 million position; 0.1% of its 13F portfolio is allocated to the stock. Other peers that are bullish include Alexander Mitchell’s Scopus Asset Management, Glenn J. Krevlin’s Glenhill Advisors and Abby Flamholz and Yehuda Blinder’s ADAR Investment Management.
Due to the fact that Susser Holdings Corporation (NYSE:SUSS) has faced declining sentiment from hedge fund managers, we can see that there is a sect of funds who sold off their full holdings last quarter. Intriguingly, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital cut the biggest stake of the 450+ funds we watch, totaling about $3 million in stock., and Louis Navellier of Navellier & Associates was right behind this move, as the fund dropped about $1 million worth. These transactions are important to note, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).
What do corporate executives and insiders think about Susser Holdings Corporation (NYSE:SUSS)?
Bullish insider trading is particularly usable when the primary stock in question has seen transactions within the past six months. Over the latest 180-day time period, Susser Holdings Corporation (NYSE:SUSS) has experienced 1 unique insiders buying, and 5 insider sales (see the details of insider trades here).
With the results demonstrated by the aforementioned time-tested strategies, everyday investors must always monitor hedge fund and insider trading activity, and Susser Holdings Corporation (NYSE:SUSS) is no exception.
Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.