We at Insider Monkey have gone over 873 13F filings that hedge funds and outstanding traders are required to file by the SEC. The 13F filings present the funds’ and traders’ portfolio positions as of June thirtieth. On this article, we take a look at what these funds consider Zebra Applied sciences Company (NASDAQ:ZBRA) based mostly on that knowledge.
Zebra Applied sciences Company (NASDAQ:ZBRA) has seen a lower in hedge fund curiosity these days. Zebra Applied sciences Company (NASDAQ:ZBRA) was in 34 hedge funds’ portfolios on the finish of the second quarter of 2021. The all time excessive for this statistic is 44. Our calculations additionally confirmed that ZBRA is not among the many 30 hottest shares amongst hedge funds (click on for Q2 rankings).
Hedge funds’ status as shrewd traders has been tarnished within the final decade as their hedged returns could not sustain with the unhedged returns of the market indices. Hedge funds have greater than $3.5 trillion in belongings underneath administration, so you’ll be able to’t anticipate their whole portfolios to beat the market by giant margins. Our analysis was capable of establish prematurely a choose group of hedge fund holdings that outperformed the S&P 500 ETFs by greater than 79 proportion factors since March 2017 (see the small print right here). So you’ll be able to nonetheless discover numerous gems by following hedge funds’ strikes at the moment.
John Rogers of Ariel Investments
At Insider Monkey, we scour a number of sources to uncover the following nice funding concept. For instance, we like undervalued, EBITDA-positive progress shares, so we’re trying out inventory pitches like this rising biotech inventory. We undergo lists like the ten finest EV shares to choose the following Tesla that may ship a 10x return. Despite the fact that we suggest positions in solely a tiny fraction of the businesses we analyze, we take a look at as many shares as we are able to. We learn hedge fund investor letters and hearken to inventory pitches at hedge fund conferences. You’ll be able to subscribe to our free each day e-newsletter on our homepage. Maintaining this in thoughts let’s view the newest hedge fund motion surrounding Zebra Applied sciences Company (NASDAQ:ZBRA).
Do Hedge Funds Assume ZBRA Is A Good Inventory To Purchase Now?
On the finish of the second quarter, a complete of 34 of the hedge funds tracked by Insider Monkey had been lengthy this inventory, a change of -3% from one quarter earlier. By comparability, 38 hedge funds held shares or bullish name choices in ZBRA a yr in the past. So, let’s have a look at which hedge funds had been among the many high holders of the inventory and which hedge funds had been making huge strikes.
The most important stake in Zebra Applied sciences Company (NASDAQ:ZBRA) was held by 0, which reported holding $609.5 million value of inventory on the finish of June. It was adopted by Arrowstreet Capital with a $172.5 million place. Different traders bullish on the corporate included AQR Capital Administration, Goodnow Funding Group, and Ariel Investments. When it comes to the portfolio weights assigned to every place Cedar Rock Capital allotted the most important weight to Zebra Applied sciences Company (NASDAQ:ZBRA), round 13.87% of its 13F portfolio. Makaira Companions can be comparatively very bullish on the inventory, setting apart 11.33 p.c of its 13F fairness portfolio to ZBRA.
Since Zebra Applied sciences Company (NASDAQ:ZBRA) has skilled a decline in curiosity from the good cash, we are able to see that there have been a number of cash managers that slashed their whole stakes by the top of the second quarter. Intriguingly, Jack Woodruff’s Candlestick Capital Administration dumped the biggest funding of the “higher crust” of funds tracked by Insider Monkey, valued at an estimated $15.8 million in inventory. Lee Ainslie’s fund, Maverick Capital, additionally minimize its inventory, about $4.3 million value. These bearish behaviors are necessary to notice, as whole hedge fund curiosity was minimize by 1 funds by the top of the second quarter.
Let’s additionally look at hedge fund exercise in different shares – not essentially in the identical trade as Zebra Applied sciences Company (NASDAQ:ZBRA) however equally valued. We are going to check out Verisk Analytics, Inc. (NASDAQ:VRSK), Maxim Built-in Merchandise Inc. (NASDAQ:MXIM), Synchrony Monetary (NYSE:SYF), WEC Vitality Group, Inc. (NYSE:WEC), American Water Works Firm, Inc. (NYSE:AWK), Magna Worldwide Inc. (NYSE:MGA), and Yum China Holdings, Inc. (NYSE:YUMC). This group of shares’ market valuations resemble ZBRA’s market valuation.
[table] Ticker, No of HFs with positions, Complete Worth of HF Positions (x1000), Change in HF Place VRSK,36,1738237,2 MXIM,56,4210328,1 SYF,39,1541005,-10 WEC,27,499940,10 AWK,30,1076976,0 MGA,39,576231,5 YUMC,32,913525,-2 Common,37,1508035,0.9 [/table]
View desk right here in the event you expertise formatting points.
As you’ll be able to see these shares had a mean of 37 hedge funds with bullish positions and the common quantity invested in these shares was $1508 million. That determine was $1207 million in ZBRA’s case. Maxim Built-in Merchandise Inc. (NASDAQ:MXIM) is the most well-liked inventory on this desk. Then again WEC Vitality Group, Inc. (NYSE:WEC) is the least well-liked one with solely 27 bullish hedge fund positions. Zebra Applied sciences Company (NASDAQ:ZBRA) shouldn’t be the least well-liked inventory on this group however hedge fund curiosity remains to be under common. Our general hedge fund sentiment rating for ZBRA is 39.3. Shares with increased variety of hedge fund positions relative to different shares in addition to relative to their historic vary obtain the next sentiment rating. It is a barely destructive sign and we would reasonably spend our time researching shares that hedge funds are piling on. Our calculations confirmed that high 5 hottest shares amongst hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 proportion factors. These shares gained 21.8% in 2021 by means of October eleventh and surpassed the market once more by 4.4 proportion factors. Sadly ZBRA wasn’t almost as well-liked as these 5 shares (hedge fund sentiment was fairly bearish); ZBRA traders had been upset because the inventory returned -6.9% because the finish of June (by means of 10/11) and underperformed the market. If you’re eager about investing in giant cap shares with large upside potential, you must take a look at the highest 5 hottest shares amongst hedge funds as most of those shares already outperformed the market in 2021.
Get real-time e mail alerts: Comply with Zebra Applied sciences Corp (NASDAQ:ZBRA)
Prompt Articles:
Disclosure: None. This text was initially printed at Insider Monkey.
