![]() When I looked at our latest quarterly rankings, I saw PAR Capital at #330. Our investment strategy focuses on the stock picks of the 100 best performing hedge funds. Interestingly, PAR Capital managed to grow its 13F portfolio over the years, yet it didn't attract my attention much. Ed Shapiro is retired in 2016 and the fund is currently solely managed by Paul Reeder. ![]() ![]() If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 20 most popular stocks among hedge funds as most of these stocks already outperformed the market in Q1.I was recently contacted by PAR Capital asking me to update their hedge fund page. ![]() Unfortunately PFSI wasn't nearly as popular as these 20 stocks (hedge fund sentiment was quite bearish) PFSI investors were disappointed as the stock returned -34.8% during the same time period and underperformed the market. These stocks lost 17.4% in 2020 through March 25th but beat the market by 5.5 percentage points. Our calculations showed that top 20 most popular stocks among hedge funds returned 41.3% in 2019 and outperformed the S&P 500 ETF (SPY) by 10.1 percentage points. This is a slightly negative signal and we'd rather spend our time researching stocks that hedge funds are piling on. PennyMac Financial Services Inc (NYSE:PFSI) is not the least popular stock in this group but hedge fund interest is still below average. (NASDAQ: FELE) is the least popular one with only 14 bullish hedge fund positions. (NYSE: WMS) is the most popular stock in this table. That figure was $135 million in PFSI's case. View table here if you experience formatting issues.Īs you can see these stocks had an average of 19 hedge funds with bullish positions and the average amount invested in these stocks was $312 million. This group of stocks' market values match PFSI's market value. (NYSE: PRO), and Advanced Drainage Systems, Inc. We will take a look at WD-40 Company (NASDAQ: WDFC), Franklin Electric Co. Let's now review hedge fund activity in other stocks similar to PennyMac Financial Services Inc (NYSE:PFSI). The other funds with brand new PFSI positions are Donald Sussman's Paloma Partners and Peter Muller's PDT Partners. Brandon Haley's Holocene Advisors also initiated a $0.7 million position during the quarter. Citadel Investment Group had $0.8 million invested in the company at the end of the quarter. Citadel Investment Group, managed by Ken Griffin, established the largest position in PennyMac Financial Services Inc (NYSE:PFSI). PAR Capital Management is also relatively very bullish on the stock, setting aside 0.63 percent of its 13F equity portfolio to PFSI.Īs industrywide interest jumped, some big names were leading the bulls' herd. In terms of the portfolio weights assigned to each position Rima Senvest Management allocated the biggest weight to PennyMac Financial Services Inc (NYSE:PFSI), around 1.7% of its 13F portfolio. Rima Senvest Management, Arrowstreet Capital, and Basswood Capital were also very fond of the stock, becoming one of the largest hedge fund holders of the company. On the second spot was PAR Capital Management which amassed $32.2 million worth of shares. In the following paragraphs, we find out what the billionaire investors and hedge funds think of PennyMac Financial Services Inc (NYSE: PFSI).Īmong these funds, Renaissance Technologies held the most valuable stake in PennyMac Financial Services Inc (NYSE:PFSI), which was worth $34.2 million at the end of the third quarter. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. As a result of his inaction, we will now experience a deeper recession ( see why hell is coming). While we were warning you, President Trump minimized the threat and failed to act promptly. Our article also called for a total international travel ban. We also told you to short the market and buy long-term Treasury bonds. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level.
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