How are hedge funds trading Teradyne, Inc. (NYSE:TER)?
Of the funds tracked by Insider Monkey, Glenview Capital, managed by Larry Robbins, holds the number one position in Teradyne, Inc. (NYSE:TER), having a $245.5 million position in the stock, comprising 1.1% of its 13F portfolio. The second-most bullish hedge fund manager is Chuck Royce of Royce & Associates, with a $114.1 million position; the fund has 0.4% of its 13F portfolio invested in the stock. Other hedgies that hold long positions include Joel Greenblatt‘s Gotham Asset Management, Panayotis Takis Sparaggis’ Alkeon Capital Management, and Thomas E. Claugus’ GMT Capital. Gotham Asset Management and GMT Capital ranked as the two funds with the largest new positions, while Ken Hahn’s Quantec Asset Management sold off the largest position, of just over 450,000 shares.
Given the growing diversification of its business, particularly its charge into wireless testing, which should provide considerable further growth potential, along with generally bullish hedge fund sentiment, we recommend a long position in Teradyne at this time.