Microsoft Corporation (NASDAQ:MSFT) shareholders have witnessed a decrease in hedge fund sentiment at the margin recently. According to Insider Monkey Microsoft isn’t a top 5 hedge fund pick anymore. The good news is that it is still the seventh most popular stock among hedge funds.
In the financial world there are a lot of metrics stock market investors employ to evaluate their stock investments. Two of the most useful metrics are hedge fund and insider trading indicators. Experts at hedge fund tracking site Insider Monkey have shown that, historically, those who follow the best picks of the best money managers can trounce their index-focused peers by a healthy margin (see just how much).
In this article, we’re going to take a gander at the latest action surrounding Microsoft Corporation (NASDAQ:MSFT).
Hedge fund activity in Microsoft Corporation (NASDAQ:MSFT)
Heading into Q4, a total of 118 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -9% from the second quarter. With hedge funds’ positions undergoing their usual ups and downs, there exists a few noteworthy hedge fund managers who were boosting their stakes substantially.
Of the funds tracked by Insider Monkey, Yacktman Asset Management, managed by Donald Yacktman, holds the number one position in Microsoft Corporation (NASDAQ:MSFT). Yacktman Asset Management has a $2.6174 billion position in the stock, comprising 5.5% of its 13F portfolio. Sitting at the No. 2 spot is First Eagle Investment Management, managed by Jean-Marie Eveillard, which held a $1.6822 billion position; the fund has 4.2% of its 13F portfolio invested in the stock. Other hedgies that are bullish encompass Boykin Curry’s Eagle Capital Management, Stephen Mandel’s Lone Pine Capital and Ken Fisher’s Fisher Asset Management. As of November 14th filing deadline, Jeff Ubben’s ValueAct hasn’t filed its 13F.
Judging by the fact that Microsoft Corporation (NASDAQ:MSFT) has witnessed falling interest from hedge fund managers, it’s easy to see that there were a few money managers that elected to cut their entire stakes heading into Q4. David Costen Haley of HBK Investments was one of the funds that dropped its MSFT holdings. Total hedge fund interest fell by 12 funds heading into the fourth quarter.