Is Yandex NV (NASDAQ:YNDX) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known risk attributes. It’s not surprising given that hedge funds have access to better information and more resources to predict the winners in the stock market.
Is Yandex NV (NASDAQ:YNDX) ready to rally soon? The smart money is getting more optimistic. The number of long hedge fund positions went up by 5 in recent months. Our calculations also showed that YNDX isn’t among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video below for Q2 rankings).
Video: Click the image to watch our video about the top 5 most popular hedge fund stocks.
To most stock holders, hedge funds are assumed to be unimportant, old investment tools of yesteryear. While there are more than 8000 funds with their doors open today, Our researchers choose to focus on the moguls of this group, around 750 funds. These hedge fund managers oversee bulk of all hedge funds’ total asset base, and by keeping an eye on their best picks, Insider Monkey has revealed a few investment strategies that have historically outperformed the market. Insider Monkey’s flagship short hedge fund strategy outstripped the S&P 500 short ETFs by around 20 percentage points a year since its inception in May 2014. Our portfolio of short stocks lost 27.8% since February 2017 (through November 21st) even though the market was up more than 39% during the same period. We just shared a list of 7 short targets in our latest quarterly update .