Here is What Hedge Funds Think About Alphabet Inc (GOOGL)

GOOGL) based on that data and determine whether they were really smart about the stock.” data-reactid=”12″>Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the second quarter. You can find articles about an individual hedge fund’s trades on numerous financial news websites. However, in this article we will take a look at their collective moves over the last 5 years and analyze what the smart money thinks of Alphabet Inc (NASDAQ:GOOGL) based on that data and determine whether they were really smart about the stock.

GOOGL) investors should be aware of a decrease in support from the world’s most elite money managers of late. Nevertheless, GOOGL climbed one spot in our rankings and currently ranks #4 among the 30 most popular stocks among hedge funds (click for Q2 rankings and see the video for a quick look at the top 5 stocks). Video: Watch our video about the top 5 most popular hedge fund stocks.” data-reactid=”13″>Alphabet Inc (NASDAQ:GOOGL) investors should be aware of a decrease in support from the world’s most elite money managers of late. Nevertheless, GOOGL climbed one spot in our rankings and currently ranks #4 among the 30 most popular stocks among hedge funds (click for Q2 rankings and see the video for a quick look at the top 5 stocks). Video: Watch our video about the top 5 most popular hedge fund stocks.

see the details here). We were also able to identify in advance a select group of hedge fund holdings that’ll significantly underperform the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 34% through August 17th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.” data-reactid=”19″>Why do we pay any attention at all to hedge fund sentiment? Our research has shown that a select group of hedge fund holdings outperformed the S&P 500 ETFs by 56 percentage points since March 2017 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that’ll significantly underperform the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 34% through August 17th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.

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Matthew Hulsizer of PEAK6 Capital

this under-the-radar stock to identify the next tenbagger. Currently, investors are pessimistic about commercial real estate investments. So, we are checking out this contrarian play to diversify our market exposure. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. Keeping this in mind we’re going to take a gander at the new hedge fund action encompassing Alphabet Inc (NASDAQ:GOOGL).” data-reactid=”41″>At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, legal marijuana is one of the fastest growing industries right now, so we are checking out ideas like this under-the-radar stock to identify the next tenbagger. Currently, investors are pessimistic about commercial real estate investments. So, we are checking out this contrarian play to diversify our market exposure. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. Keeping this in mind we’re going to take a gander at the new hedge fund action encompassing Alphabet Inc (NASDAQ:GOOGL).

What does smart money think about Alphabet Inc (NASDAQ:GOOGL)?

At Q2’s end, a total of 157 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -6% from the previous quarter. The graph below displays the number of hedge funds with bullish position in GOOGL over the last 20 quarters. With hedge funds’ capital changing hands, there exists a select group of noteworthy hedge fund managers who were boosting their stakes considerably (or already accumulated large positions).

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Fisher Asset Management was the largest shareholder of Alphabet Inc (NASDAQ:GOOGL), with a stake worth $2172.7 million reported as of the end of September. Trailing Fisher Asset Management was Citadel Investment Group, which amassed a stake valued at $1546.1 million. AQR Capital Management, GQG Partners, and AltaRock Partners were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position AltaRock Partners allocated the biggest weight to Alphabet Inc (NASDAQ:GOOGL), around 26.19% of its 13F portfolio. Thunderbird Partners is also relatively very bullish on the stock, earmarking 22.19 percent of its 13F equity portfolio to GOOGL.” data-reactid=”60″>More specifically, Fisher Asset Management was the largest shareholder of Alphabet Inc (NASDAQ:GOOGL), with a stake worth $2172.7 million reported as of the end of September. Trailing Fisher Asset Management was Citadel Investment Group, which amassed a stake valued at $1546.1 million. AQR Capital Management, GQG Partners, and AltaRock Partners were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position AltaRock Partners allocated the biggest weight to Alphabet Inc (NASDAQ:GOOGL), around 26.19% of its 13F portfolio. Thunderbird Partners is also relatively very bullish on the stock, earmarking 22.19 percent of its 13F equity portfolio to GOOGL.