Tremblant Capital, Eminence Capital, and VGI Partners were also very fond of the stock, becoming one of the largest hedge fund holders of the company. On the second spot was Renaissance Technologies which amassed $243.5 million worth of shares. (NYSE:SPOT), which was worth $520.5 million at the end of the third quarter.
Īmong these funds, Tiger Global Management LLC held the most valuable stake in Spotify Technology S.A. We just shared a list of 7 short targets in our latest quarterly update. Our portfolio of short stocks lost 35.3% since February 2017 (through March 3rd) even though the market was up more than 35% during the same period. Insider Monkey's flagship short hedge fund strategy outpaced the S&P 500 short ETFs by around 20 percentage points annually since its inception in March 2017. Most estimates calculate that this group of people orchestrate most of all hedge funds' total asset base, and by watching their matchless stock picks, Insider Monkey has unsheathed several investment strategies that have historically defeated the S&P 500 index. While there are greater than 8000 funds in operation today, Our researchers choose to focus on the moguls of this group, around 850 funds. If you'd ask most stock holders, hedge funds are seen as slow, old investment vehicles of the past. Video: Click the image to watch our video about the top 5 most popular hedge fund stocks.
Our calculations also showed that SPOT isn't among the 30 most popular stocks among hedge funds (click for Q4 rankings and see the video below for Q3 rankings). The number of long hedge fund bets shrunk by 2 recently. (NYSE: SPOT) a bargain? Investors who are in the know are turning less bullish. One of these stocks was Spotify Technology S.A. With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the first quarter. In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. We were one step ahead of the markets and the president. Our article also called for a total international travel ban to prevent the spread of the coronavirus especially from Europe. Investors who agreed with us and replicated these trades are up double digits whereas the market is down double digits.
We also told you to short the market ETFs and buy long-term bonds. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 months. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. Coronavirus is probably the #1 concern in investors' minds right now.
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