The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in these filings, which are based on their September 30 holdings, data that is available nowhere else. Should you consider Playa Hotels & Resorts N.V. (NASDAQ:PLYA) for your portfolio? We’ll look to this invaluable collective wisdom for the answer.
Playa Hotels & Resorts N.V. (NASDAQ:PLYA) was in 15 hedge funds’ portfolios at the end of the third quarter of 2018. PLYA investors should be aware of a decrease in hedge fund interest recently. There were 19 hedge funds in our database with PLYA positions at the end of the previous quarter. As hedge funds dumped the stock, it’s not surprising PLYA was not one of the 30 most popular stocks among hedge funds.
If you’d ask most shareholders, hedge funds are perceived as worthless, outdated financial tools of yesteryear. While there are more than 8000 funds in operation today, Our researchers choose to focus on the top tier of this group, about 700 funds. These hedge fund managers handle most of the smart money’s total capital, and by observing their top stock picks, Insider Monkey has determined various investment strategies that have historically beaten the S&P 500 index. Insider Monkey’s flagship hedge fund strategy surpassed the S&P 500 index by 6 percentage points a year since its inception in May 2014 through early November 2018. We were able to generate large returns even by identifying short candidates. Our portfolio of short stocks lost 26.1% since February 2017 even though the market was up nearly 19% during the same period. We