Before we spend many hours researching a company, we’d like to analyze what hedge funds and billionaire investors think of the stock first. We would like to do so because the elite investors’ consensus returns have been exceptional. The top 30 S&P 500 stocks among hedge funds at the end of September 2014 yielded an average return of 9.5% during the last 12 months ending in October 30. Sixty three percent of these 30 stocks outperformed the market. Although the elite funds occasionally have their duds, such as Micron and Anadarko Petroleum, which fell 50% and 26%, respectively during the same time period, the hedge fund picks seem to work on average. In the following paragraphs, we find out what the billionaire investors and hedge funds think of PVH Corp (NYSE:PVH).
PVH Corp (NYSE:PVH) has experienced an increase in hedge fund sentiment recently. At the end of this article we will also compare PVH to other stocks including L-3 Communications Holdings, Inc. (NYSE:LLL), Total System Services, Inc. (NYSE:TSS), and Lear Corporation (NYSE:LEA) to get a better sense of its popularity.
With all of this in mind, we’re going to take a look at the key action surrounding PVH Corp (NYSE:PVH).
How are hedge funds trading PVH Corp (NYSE:PVH)?
At Q3’s end, a total of 37 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 3% from the previous quarter. With hedgies’ capital changing hands, there exists a select group of notable hedge fund managers who were upping their stakes meaningfully (or already accumulated large positions).
When looking at the institutional investors followed by Insider Monkey, Glenview Capital, managed by Larry Robbins, holds the number one position in PVH Corp (NYSE:PVH). Glenview Capital has an $444.5 million position in the stock, comprising 2.2% of its 13F portfolio. The second most bullish fund manager is D E Shaw, with an $129.8 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Other professional money managers with similar optimism comprise Ross Margolies’ Stelliam Investment Management, Glenn Fuhrman and John Phelan’s MSD Capital and Craig C. Albert’s Sheffield Asset Management.