Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients’ money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth depends on it. Regardless of the various methods used by elite investors like David Tepper and Dan Loeb, the resources they expend are second-to-none. This is especially valuable when it comes to small-cap stocks, which is where they generate their strongest outperformance, as their resources give them a huge edge when it comes to studying these stocks compared to the average investor, which is why we intently follow their activity in the small-cap space.
Micron Technology, Inc. (NASDAQ:MU) investors should be aware of a decrease in support from the world’s most elite money managers of late. MU was in 59 hedge funds’ portfolios at the end of the third quarter of 2018. There were 66 hedge funds in our database with MU positions at the end of the previous quarter. Despite the increase in interest, the company wasn’t one of the 30 most popular stocks among hedge funds.
If you’d ask most shareholders, hedge funds are perceived as slow, old financial tools of years past. While there are greater than 8000 funds in operation today, Our researchers look at the elite of this club, approximately 700 funds. It is estimated that this group of investors handle most of all hedge funds’ total asset base, and by monitoring their first-class picks, Insider Monkey has discovered various investment strategies that have historically exceeded the broader indices. Insider Monkey’s flagship hedge fund strategy outrun the S&P 500 index by 6 percentage points per year since its inception in May 2014 through early November 2018. We were able to generate large returns even by identifying short candidates. Our