Anadarko Petroleum Corporation (APC): Billionaires Paul Singer, Dan Loeb, and Steve Cohen Love It


Anadarko Petroleum Corporation (NYSE:APC) investors should pay attention to a decrease in support from the world’s most elite money managers lately. However, the stock is still one of the 10 most popular stocks among hedge funds according to Insider Monkey.

If you’d ask most traders, hedge funds are assumed to be underperforming, old financial tools of the past. While there are greater than 8000 funds in operation at the moment, experts at hedge fund tracking site Insider Monkey choose to focus on the masters of this group, about 700 funds. By monitoring these hedge funds’ finest investments, Insider Monkey has determined a few investment strategies that have historically exceeded the broader indices. Insider Monkey’s small-cap hedge fund strategy outrun the S&P 500 index by 18 percentage points a year for a decade in their back tests. The strategy also delivered a total return of 101% since August 2012, vs. 51.5% gain for SPY.

Keeping this in mind, let’s take a look at the fresh action encompassing Anadarko Petroleum Corporation (NYSE:APC).

How are hedge funds trading Anadarko Petroleum Corporation (NYSE:APC)?

At Q3’s end, a total of 109 of the hedge funds tracked by Insider Monkey were long in this stock, a change of -5% from one quarter earlier. With hedge funds’ sentiment swirling, there exists a few key hedge fund managers who were upping their stakes substantially.

Of the funds tracked by Insider Monkey, Eric W. Mandelblatt’s Soroban Capital Partners had the number one call position in Anadarko Petroleum Corporation (NYSE:APC), worth close to $713.1 million, accounting for 5.4% of its total 13F portfolio. The second largest stake is held by Mason Capital Management, managed by Kenneth Mario Garschina, which held a $608.6 million call position; the fund has 6.4% of its 13F portfolio invested in the stock. Some other hedgies that are bullish consist of Eric W. Mandelblatt’s Soroban Capital Partners, Paul Singer’s Elliott Management and Keith Meister’s Corvex Capital.

Due to the fact that Anadarko Petroleum Corporation (NYSE:APC) has witnessed a declination in interest from the entirety of the hedge funds we track, logic holds that there is a sect of hedge funds who were dropping their positions entirely in third quarter. Interestingly, Jamie Zimmerman’s Litespeed Management cut the largest position of the “upper crust” of funds watched by Insider Monkey, worth about $77.5 million in stock. Ross Margolies’s fund, Stelliam Investment Management, also cut its stock, about $61.6 million worth. These bearish behaviors are interesting, as total hedge fund interest fell by 6 funds in third quarter.

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