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A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period that ended March 31, so let’s proceed with the discussion of the hedge fund sentiment on Oracle Corporation (NYSE:ORCL).
Oracle Corporation (NYSE:ORCL) has seen a decrease in hedge fund sentiment recently. Our calculations also showed that ORCL isn't among the 30 most popular stocks among hedge funds.
To the average investor there are a multitude of methods stock traders can use to size up stocks. Some of the most under-the-radar methods are hedge fund and insider trading moves. Our experts have shown that, historically, those who follow the best picks of the elite fund managers can outclass the market by a very impressive amount (see the details here).
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Boykin Curry of Eagle Capital[/caption]
Let's take a gander at the fresh hedge fund action regarding Oracle Corporation (NYSE:ORCL).
How are hedge funds trading Oracle Corporation (NYSE:ORCL)?
At the end of the first quarter, a total of 52 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -4% from the fourth quarter of 2018. By comparison, 52 hedge funds held shares or bullish call options in ORCL a year ago. So, let's examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
More specifically, Eagle Capital Management was the largest shareholder of Oracle Corporation (NYSE:ORCL), with a stake worth $1264.1 million reported as of the end of March. Trailing Eagle Capital Management was Fisher Asset Management, which amassed a stake valued at $656.6 million. Yacktman Asset Management, D E Shaw, and Pzena Investment Management were also very fond of the stock, giving the stock large weights in their portfolios.
Seeing as Oracle Corporation (NYSE:ORCL) has faced bearish sentiment from hedge fund managers, it's safe to say that there exists a select few hedgies that decided to sell off their entire stakes by the end of the third quarter. At the top of the heap, Barry Dargan's Intermede Investment Partners cut the largest position of all the hedgies monitored by Insider Monkey, worth an estimated $43.3 million in stock. Robert Pohly's fund, Samlyn Capital, also dropped its stock, about $26 million worth. These moves are important to note, as aggregate hedge fund interest was cut by 2 funds by the end of the third quarter.