Get real-time email alerts: Follow Lumen Technologies Inc. Hedge funds were rewarded for their relative bullishness. Hedge funds were also right about betting on LUMN as the stock returned 34.5% since the end of Q4 (through 4/12) and outperformed the market. These stocks gained 12.2% in 2021 through April 12th and still beat the market by 1.5 percentage points. Our calculations showed that top 30 most popular stocks among hedge funds returned 81.2% in 20, and outperformed the S&P 500 ETF (SPY) by 26 percentage points. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Our overall hedge fund sentiment score for LUMN is 46.7. (NYSE:LUMN) is not the most popular stock in this group but hedge fund interest is still above average. On the other hand News Corp (NASDAQ: NWS) is the least popular one with only 11 bullish hedge fund positions. Zynga Inc (NASDAQ: ZNGA) is the most popular stock in this table. That figure was $772 million in LUMN's case. View table here if you experience formatting issues.Īs you can see these stocks had an average of 28.6 hedge funds with bullish positions and the average amount invested in these stocks was $636 million. This group of stocks' market valuations resemble LUMN's market valuation. (NYSE: AAP), Zynga Inc (NASDAQ: ZNGA), News Corp (NASDAQ: NWSA), Teva Pharmaceutical Industries Limited (NYSE: TEVA), Cna Financial Corporation (NYSE: CNA), News Corp (NASDAQ: NWS), and Lennox International Inc. These stocks are Advance Auto Parts, Inc. Let's check out hedge fund activity in other stocks - not necessarily in the same industry as Lumen Technologies, Inc. These transactions are important to note, as aggregate hedge fund interest fell by 2 funds by the end of the fourth quarter. Noam Gottesman's fund, GLG Partners, also dropped its stock, about $7 million worth. It's worth mentioning that Philippe Laffont's Coatue Management sold off the biggest stake of the "upper crust" of funds watched by Insider Monkey, worth close to $7.2 million in stock. (NYSE:LUMN) has witnessed falling interest from the smart money, it's easy to see that there lies a certain "tier" of hedge funds that decided to sell off their entire stakes by the end of the fourth quarter. That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to. Our short strategy outperformed the S&P 500 short ETFs by 20 percentage points annually ( see the details here). Insider Monkey's monthly stock picks returned 197% since March 2017 and outperformed the S&P 500 ETFs by more than 124 percentage points. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. In the financial world there are a large number of tools investors have at their disposal to grade stocks. There were 31 hedge funds in our database with LUMN holdings at the end of September. Our calculations also showed that LUMN isn't among the 30 most popular stocks among hedge funds (click for Q4 rankings). The all time high for this statistic is 40. (NYSE: LUMN) was in 29 hedge funds' portfolios at the end of December. The number of bullish hedge fund positions went down by 2 lately. Is LUMN stock a buy? Hedge funds were selling. (NYSE: LUMN) for your portfolio? We'll look to this invaluable collective wisdom for the answer. Should you consider Lumen Technologies, Inc. We have processed the filings of the more than 887 world-class investment firms that we track and now have access to the collective wisdom contained in these filings, which are based on their December 31st holdings, data that is available nowhere else. The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data.
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