What Do Hedge Funds Think of Luxoft Holding Inc (LXFT)?

At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Third Point because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps can provide the best returns over the long term due to the fact that these companies are less efficiently priced and are usually under the radars of mass-media, analysts and dumb money. This is why we follow the smart money moves in the small-cap space.

Luxoft Holding Inc (NYSE:LXFT) shareholders have witnessed an increase in hedge fund sentiment in recent months. At the end of this article we will also compare LXFT to other stocks including Phibro Animal Health Corp (NASDAQ:PAHC), Stag Industrial Inc (NYSE:STAG), and Seritage Growth Properties (NYSE:SRG) to get a better sense of its popularity.

With all of this in mind, let’s take a glance at the recent action surrounding Luxoft Holding Inc (NYSE:LXFT).

How are hedge funds trading Luxoft Holding Inc (NYSE:LXFT)?

At Q3’s end, a total of 17 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 21% from the previous quarter. With hedgies’ sentiment swirling, there exists a few notable hedge fund managers who were increasing their stakes considerably (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Bloom Tree Partners, managed by Alok Agrawal, holds the largest position in Luxoft Holding Inc (NYSE:LXFT). Bloom Tree Partners has a $29.1 million position in the stock, comprising 2.7% of its 13F portfolio. On Bloom Tree Partners’s heels is Sahm Adrangi of Kerrisdale Capital, with a $19.6 million position; 5.7% of its 13F portfolio is allocated to the company. Other hedge funds and institutional investors that are bullish include Richard Driehaus’s Driehaus Capital, Gunnar Overstrom’s Three Corner Global Investors and D E Shaw.