Should You Buy Actavis Inc (NYSE:ACT)? Billionaires Larry Robbins and Jamie Dinan Are Buying


Actavis Inc (NYSE:ACT) was in 118 hedge funds’ portfolio at the end of September. ACT has seen an increase in support from the world’s most elite money managers lately. There were 113 hedge funds in our database with ACT positions at the end of the previous quarter. According to hedge fund tracking website Insider Monkey, billionaire hedge fund manager and last year’s one of the hottest hedgie Larry Robbins initiated a brand new position in the stock.

To the average investor there are dozens of methods stock market investors put to use to value their holdings. Two of the less known methods are hedge fund and insider trading interest. Hedge fund experts at Insider Monkey have shown that, historically, those who follow the top picks of the best hedge fund managers can outperform their index-focused peers by a healthy amount (see just how much).

Keeping this in mind, let’s analyze the new action encompassing Actavis Inc (NYSE:ACT).

Hedge fund activity in Actavis Inc (NYSE:ACT)

Heading into Q4, a total of 118 of the hedge funds were bullish in this stock, a change of 4% from one quarter earlier. When looking at the hedgies followed by Insider Monkey, OZ Management, managed by Daniel S. Och, holds the largest position in Actavis Inc (NYSE:ACT). OZ Management has a $1.17 billion position in the stock, comprising 3.4% of its 13F portfolio. Sitting at the No. 2 spot is Third Point, led by Dan Loeb, holding a $693.7 million position; the fund has 8% of its 13F portfolio invested in the stock. Other hedge funds with similar optimism comprise Andreas Halvorsen’s Viking Global, Barry Rosenstein’s JANA Partners and Stephen Mandel’s Lone Pine Capital.

As one would reasonably expect, key money managers have jumped into Actavis Inc (NYSE:ACT) headfirst. Glenview Capital, managed by Larry Robbins, established the biggest position in Actavis Inc (NYSE:ACT). Glenview Capital had 414.5 million invested in the company at the end of the quarter. Another billionaire James Dinan’s York Capital Management also initiated a $301.8 million position during the quarter. The other funds with brand new ACT positions are Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital, Nehal Chopra’s Ratan Capital Group, and Scott Ferguson’s Sachem Head Capital.

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