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Trinseo S.A. (TSE): Are Hedge Funds Right About This Stock?

Insider Monkey finished processing more than 700 13F filings made by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September 30. What do these smart investors think about Trinseo S.A. (NYSE:TSE)?

Trinseo S.A. (NYSE:TSE) has experienced a decrease in hedge fund interest recently. TSE was in 12 hedge funds’ portfolios at the end of the third quarter of 2015. There were 14 hedge funds in our database with TSE positions at the end of the previous quarter. At the end of this article we will also compare TSE to other stocks including Northwest Bancshares, Inc. (NASDAQ:NWBI), Inc. (NASDAQ:STMP), and Cempra Inc (NASDAQ:CEMP) to get a better sense of its popularity.

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If you’d ask most traders, hedge funds are perceived as worthless, old investment tools of the past. While there are over 8000 funds in operation today, Our researchers hone in on the moguls of this club, about 700 funds. Most estimates calculate that this group of people have their hands on most of the smart money’s total asset base, and by keeping track of their highest performing equity investments, Insider Monkey has figured out many investment strategies that have historically exceeded the market. Insider Monkey’s small-cap hedge fund strategy exceeded the S&P 500 index by 12 percentage points annually for a decade in their back tests.

With all of this in mind, let’s take a look at the recent action surrounding Trinseo S.A. (NYSE:TSE).

How have hedgies been trading Trinseo S.A. (NYSE:TSE)?

Heading into Q4, a total of 12 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -14% from the previous quarter. With hedgies’ capital changing hands, there exists a select group of key hedge fund managers who were boosting their stakes considerably (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, Anthony Bozza’s Lakewood Capital Management has the largest position in Trinseo S.A. (NYSE:TSE), worth close to $41.5 million, amounting to 1.6% of its total 13F portfolio. Sitting at the No. 2 spot is Jim Simons of Renaissance Technologies, with a $7.6 million position; less than 0.1% of its 13F portfolio is allocated to the stock. Some other members of the smart money with similar optimism encompass Alexander Mitchell’s Scopus Asset Management, Vince Maddi and Shawn Brennan’s SIR Capital Management and Andre F. Perold’s HighVista Strategies.

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