How have hedgies been trading Williams Companies, Inc. (NYSE:WMB)?
At the end of the first quarter, a total of 60 of the hedge funds tracked by Insider Monkey held long positions in the stock, a change of -22% from the previous quarter. As seen from the overall hedge fund sentiment, there were some hedge fund managers who opted out of this stock in the first quarter and lost the opportunity to cash in during the big move upwards today. The largest stake in Williams which was completely off-loaded was by Matthew Knauer and Mina Faltas of Nokota Management, who off-loaded 4.35 million shares which were valued at $195.3 million as of the end of the fourth quarter.
Even though the majority of hedge funds were bearish on the stock, a few hedge fund managers like Keith Meister and Eric Mandelblatt were bullish and made big investments in Williams Companies, Inc. (NYSE:WMB)’s stock and are all set to reap the benefits as the stock is on the way up following a big takeover proposal and the company’s efforts to push its value up even further by rejecting the initial offer from its rival. Keith Meister’s hedge fund, Corvex Capital, which had invested 25.5% of its 13F portfolio in Williams Companies, Inc. (NYSE:WMB), is now set up for big second quarter returns following Meister’s master stroke of an investment.