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The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors endured a torrid quarter, which certainly propelled them to adjust their equity holdings so as to maintain the desired risk profile. As a result, the relevancy of these public filings and their content is indisputable, as they may reveal numerous high-potential stocks. The following article will discuss the smart money sentiment towards Infosys Ltd ADR (NYSE:INFY).
One of Five Indian Stocks Hedge Funds Are Fond of, Infosys Ltd ADR (NYSE:INFY) was owned by 16 of the funds tracked by Insider Monkey's database as of the end of the second quarter, which was flat quarter-over-quarter. However, the value of hedge funds' positions fell by over $230 million during Q2, even as shares posted double-digit gains. With its 3.55% dividend yield, Infosys was one of 25 Dividend Stocks that Billionaire Ken Fisher is Bullish On as of September 30.
At the moment there are a lot of metrics stock traders use to appraise publicly traded companies. A pair of the less known metrics are hedge fund and insider trading indicators. Our researchers have shown that, historically, those who follow the top picks of the top investment managers can beat the broader indices by a superb margin (see the details here).
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Cliff Asness of AQR Capital Management[/caption]
How are hedge funds trading Infosys Ltd ADR (NYSE:INFY)?
Heading into the fourth quarter of 2018, a total of 16 of the hedge funds tracked by Insider Monkey were long this stock, unchanged from the previous quarter. On the other hand, there were a total of 19 hedge funds with a bullish position in INFY in the middle of 2017. So, let's find out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
Of the funds tracked by Insider Monkey, Fisher Asset Management, managed by Ken Fisher, holds the number one position in Infosys Ltd ADR (NYSE:INFY). Fisher Asset Management has a $420 million position in the stock, comprising 0.5% of its 13F portfolio. Coming in second is AQR Capital Management, managed by Cliff Asness, which holds a $208.9 million position; 0.2% of its 13F portfolio is allocated to the company. Some other hedge funds and institutional investors that are bullish comprise Bernard Horn's Polaris Capital Management, Donald Yacktman's Yacktman Asset Management and Howard Marks' Oaktree Capital Management.