“Market volatility has picked up again over the past few weeks. Headlines highlight risks regarding interest rates, the Fed, China, house prices, auto sales, trade wars, and more. Uncertainty abounds. But doesn’t it always? I have no view on whether the recent volatility will continue for a while, or whether the market will be back at all-time highs before we know it. I remain focused on preserving and growing our capital, and continue to believe that the best way to do so is via a value-driven, concentrated, patient approach. I shun consensus holdings, rich valuations, and market fads, in favor of solid, yet frequently off-the-beaten-path, businesses run by excellent, aligned management teams, purchased at deep discounts to intrinsic value,” are the words of Maran Capital’s Dan Roller. His stock picks have been beating the S&P 500 Index handily. We pay attention to what hedge funds are doing in a particular stock before considering a potential investment because it works for us. So let’s take a glance at the smart money sentiment towards Twenty-First Century Fox Inc (NASDAQ:FOXA) and see how it was affected.
Twenty-First Century Fox Inc (NASDAQ:FOXA) has experienced an increase in activity from the world’s largest hedge funds lately. Moreover FOXA is also the 21st most popular stock among hedge funds at the end of the second quarter (see the list of 25 most popular stocks among hedge funds).
In the 21st century investor’s toolkit there are a large number of metrics stock traders have at their disposal to value their stock investments. Some of the most innovative metrics are hedge fund and insider trading moves. We have shown that, historically, those who follow the best picks of the top hedge fund managers can beat the S&P 500 by a significant margin (see the details here).
Let’s take a look at the