This Metric Says You Are Smart to Buy Pall Corporation (PLL)

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Now, according to many of your peers, hedge funds are seen as useless, outdated investment vehicles of a period lost to current times. Although there are In excess of 8,000 hedge funds with their doors open in present day, this site looks at the upper echelon of this group, about 525 funds. It is assumed that this group controls the lion’s share of the hedge fund industry’s total capital, and by tracking their highest performing picks, we’ve found a number of investment strategies that have historically outstripped the S&P 500. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outclassed the S&P 500 index by 33 percentage points in 11 months (find the details here).

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Keeping this in mind, we’re going to study the newest info surrounding Pall Corporation (NYSE:PLL).

Pall Corporation (NYSE:PLL)

What have hedge funds been doing with Pall Corporation (NYSE:PLL)?

At the end of the second quarter, a total of 23 of the hedge funds we track were bullish in this stock, a change of 28% from the previous quarter. With hedge funds’ capital changing hands, there exists a few notable hedge fund managers who were boosting their stakes significantly.

According to our 13F database, Robert Joseph Caruso’s Select Equity Group had the biggest position in Pall Corporation (NYSE:PLL), worth close to $169.9 million, accounting for 2.4% of its total 13F portfolio. Sitting at the No. 2 spot is Impax Asset Management, managed by Ian Simm, which held a $55.9 million position; 6.7% of its 13F portfolio is allocated to the company. Other peers with similar optimism include David Harding’s Winton Capital Management, Cliff Asness’s AQR Capital Management and Israel Englander’s Millennium Management.

As one would understandably expect, particular hedge funds were breaking ground themselves. Select Equity Group, managed by Robert Joseph Caruso, created the biggest position in Pall Corporation (NYSE:PLL). Select Equity Group had 169.9 million invested in the company at the end of the quarter. Ian Simm’s Impax Asset Management also made a $55.9 million investment in the stock during the quarter. The other funds with new positions in the stock are David Harding’s Winton Capital Management, Cliff Asness’s AQR Capital Management, and Israel Englander’s Millennium Management.

How have insiders been trading Pall Corporation (NYSE:PLL)?

Legal insider trading, particularly when it’s bullish, is most useful when the company we’re looking at has seen transactions within the past six months. Over the latest 180-day time frame, Pall Corporation (NYSE:PLL) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

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