Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds and investors’ positions as of the end of the third quarter. You can find write-ups about an individual hedge fund’s trades on numerous financial news websites. However, in this article we will take a look at their collective moves and analyze what the smart money thinks of LG Display Co Ltd. (ADR) (NYSE:LPL) based on that data.
Is LG Display Co Ltd. (ADR) (NYSE:LPL) worth your attention right now? Hedge funds are in a pessimistic mood. The number of long hedge fund positions stayed the same at 13, which is a slightly negative development in our experience. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Apollo Global Management LLC (NYSE:APO), SS and C Technologies Holdings Inc (NASDAQ:SSNC), and Qorvo Inc (NASDAQ:QRVO) to gather more data points.
Today there are numerous formulas stock traders use to appraise publicly traded companies. Some of the less known formulas are hedge fund and insider trading moves. We have shown that, historically, those who follow the best picks of the elite hedge fund managers can outpace the broader indices by a superb margin (see the details here).
With all of this in mind, let’s take a gander at the new action encompassing LG Display Co Ltd. (ADR) (NYSE:LPL).
What does the smart money think about LG Display Co Ltd. (ADR) (NYSE:LPL)?
At the end of the third quarter, a total of 13 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 0% from one quarter earlier. With hedge funds’ capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their holdings significantly (or already accumulated large positions).
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, holds the largest position in LG Display Co Ltd. (ADR) (NYSE:LPL). Arrowstreet Capital has a $4.8 million position in the stock, comprising less than 0.1%% of its 13F portfolio. Sitting at the No. 2 spot is Two Sigma Advisors, led by John Overdeck and David Siegel, holding an $3.6 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Other members of the smart money that are bullish consist of William B. Gray’s Orbis Investment Management, Simon Sadler’s Segantii Capital and Israel Englander’s Millennium Management.