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Hedge Funds Nibbling On Information Services Group, Inc. (III)

Hedge Funds Nibbling On Information Services Group, Inc. (III)

對衝基金蠶食信息服務集團(Information Services Group,Inc.)。(三)
Insider Monkey ·  2020/06/13 18:24

In this article you are going to find out whether hedge funds think Information Services Group, Inc. (NASDAQ:III) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known risk attributes. It's not surprising given that hedge funds have access to better information and more resources to predict the winners in the stock market.

在本文中,您將瞭解對衝基金是否認為信息服務集團(Information Services Group,Inc.)。(納斯達克:III)目前是一筆不錯的投資。我們喜歡在對一隻給定的股票進行廣泛研究之前,先檢查一下聰明的投資者的想法。儘管已經有幾個備受矚目的失敗的對衝基金選擇,但對衝基金投資者的共識選擇在根據已知的風險屬性進行調整後,歷史上表現優於市場。考慮到對衝基金可以獲得更好的信息和更多的資源來預測股市的贏家,這並不令人驚訝。

Information Services Group, Inc. (NASDAQ: III)investors should be aware of an increase in activity from the world's largest hedge funds of late. III was in 7 hedge funds' portfolios at the end of March. There were 6 hedge funds in our database with III holdings at the end of the previous quarter. Our calculations also showed that III isn't among the30 most popular stocks among hedge funds(click for Q1 rankings and see the video for a quick look at the top 5 stocks). Video: Watch our video about the top 5 most popular hedge fund stocks.

信息服務集團(Information Services Group,Inc.)(納斯達克:III)投資者應該意識到,最近世界上最大的對衝基金的活動有所增加。截至3月底,III在7個對衝基金的投資組閤中。在我們的數據庫中,有6家對衝基金在上一季度末持有III。我們的計算還顯示,III不在對衝基金最受歡迎的30只股票之列(點擊Q1排名,快速瀏覽前5只股票的視頻)。視頻:觀看我們關於最受歡迎的5只對衝基金股票的視頻。

Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Our research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 58 percentage points since March 2017 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that'll significantly underperform the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 36% through May 18th. That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.

對衝基金作為精明投資者的聲譽在過去十年中受到了損害,因為它們的對衝回報跟不上市場指數的未對衝回報。我們的研究提前發現了一組精選的對衝基金持股,自2017年3月以來,這些對衝基金的表現比標準普爾500指數ETF高出58個百分點以上(詳情見此處)。我們還能夠提前確定一組精選的對衝基金持股,這些基金的表現將明顯遜於市場。自2017年2月以來,我們一直在跟蹤和分享這些股票的名單,截至5月18日,它們下跌了36%。這就是為什麼我們認為對衝基金情緒是投資者應該關注的一個極其有用的指標。

[caption id="attachment_728717" align="aligncenter" width="400"] Roger Ibbotson of Zebra Capital Management[/caption]

[Caption id=“Attach_728717”Align=“Aligncenter”Width=“400”]斑馬資本管理公司的羅傑·伊博森(Roger Ibbotson)[/標題]

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, 2020’s unprecedented market conditions provide us with the highest number of trading opportunities in a decade. So we are checking out stocks recommended/scorned by legendary Bill Miller . We interview hedge fund managers and ask them about their best ideas. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here . We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. Our best call in 2020 was shorting the market when the S&P 500 was trading at 3150 after realizing the coronavirus pandemic’s significance before most investors. With all of this in mind we're going to take a look at the new hedge fund action encompassing Information Services Group, Inc. (NASDAQ:III).

在Insider Monkey,我們不遺餘力地尋找下一個偉大的投資想法。例如,2020年史無前例的市場狀況為我們提供了十年來最多的交易機會。因此,我們正在檢查傳奇人物比爾·米勒(Bill Miller)推薦/鄙視的股票。我們採訪對衝基金經理,詢問他們最好的想法。如果你想找出現在最值得購買的醫療保健股票,你可以在這裏觀看我們最新的對衝基金經理採訪。我們讀對衝基金投資者的信,聽對衝基金會議上的股票推介。在意識到冠狀病毒大流行對大多數投資者的重要性後,我們在2020年最好的決定是做空市場,當時標準普爾500指數的交易價格為3150點。考慮到這一切,我們將看看包括信息服務集團(Information Services Group,Inc.)在內的新對衝基金行動。(納斯達克股票代碼:III)。

Hedge fund activity in Information Services Group, Inc. (NASDAQ:III)

對衝基金在信息服務集團(Information Services Group,Inc.)的活動。(納斯達克股票代碼:III)

At the end of the first quarter, a total of 7 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 17% from the fourth quarter of 2019. Below, you can check out the change in hedge fund sentiment towards III over the last 18 quarters. With hedgies' sentiment swirling, there exists an "upper tier" of notable hedge fund managers who were adding to their stakes significantly (or already accumulated large positions).

截至一季度末,《內幕猴子》追蹤的對衝基金中,共有7家基金持有這隻股票的多頭頭寸,較2019年第四季度變動17%。下面,您可以查看對衝基金在過去18個季度對III的情緒變化。隨着套期保值者情緒的波動,存在着一批著名的對衝基金經理,他們正在大幅增持股份(或者已經積累了大量頭寸)。

More specifically,Private Capital Managementwas the largest shareholder of Information Services Group, Inc. (NASDAQ:III), with a stake worth $15.5 million reported as of the end of September. Trailing Private Capital Management was Renaissance Technologies, which amassed a stake valued at $5.6 million. Zebra Capital Management, Arrowstreet Capital, and Millennium Management were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Private Capital Management allocated the biggest weight to Information Services Group, Inc. (NASDAQ:III), around 4.87% of its 13F portfolio.Zebra Capital Managementis also relatively very bullish on the stock, earmarking 0.19 percent of its 13F equity portfolio to III.

更具體地説,私人資本管理公司是信息服務集團公司的最大股東。(納斯達克股票代碼:III),截至9月底,所持股份價值1550萬美元。緊隨其後的是文藝復興技術公司(Renaissance Technologies),該公司積累了價值560萬美元的股份。斑馬資本管理公司、箭街資本公司和千禧管理公司也非常喜歡這隻股票,成為該公司最大的對衝基金持有者之一。就分配給每個頭寸的投資組合權重而言,私人資本管理公司分配給信息服務集團(Information Services Group,Inc.)的權重最大。(納斯達克股票代碼:III),約佔其13F投資組合的4.87%,斑馬資本管理公司(Zebra Capital Managementis)也相對非常看好該股,將其13F股票投資組合的0.19%專門用於III。

As aggregate interest increased, specific money managers have jumped into Information Services Group, Inc. (NASDAQ:III) headfirst.Citadel Investment Group, managed by Ken Griffin, assembled the most valuable position in Information Services Group, Inc. (NASDAQ:III). Citadel Investment Group had $0.1 million invested in the company at the end of the quarter.

隨着總興趣的增加,特定的基金經理紛紛跳入信息服務集團(Information Services Group,Inc.)。(納斯達克交易代碼:III)排名第一。由肯·格里芬管理的Citadel投資集團在信息服務集團(Information Services Group,Inc.)中集結了最有價值的頭寸。(納斯達克股票代碼:III)。截至季度末,Citadel Investment Group向該公司投資了10萬美元。

Let's go over hedge fund activity in other stocks similar to Information Services Group, Inc. (NASDAQ:III). These stocks are Bel Fuse, Inc. (NASDAQ:BELFB), Avianca Holdings SA (NYSE:AVH), Bankwell Financial Group, Inc. (NASDAQ:BWFG), and Aytu BioScience, Inc. (NASDAQ:AYTU). This group of stocks' market caps are closest to III's market cap.

讓我們來看看其他類似信息服務集團(Information Services Group,Inc.)股票的對衝基金活動。(納斯達克股票代碼:III)。這些股票是Bel Fuse,Inc.(納斯達克股票代碼:BELFB),Avianca Holdings SA(紐約證券交易所代碼:AVH),Bankwell Financial Group,Inc.(納斯達克股票代碼:BWFG)和Aytu BioScience,Inc.(納斯達克股票代碼:AYTU)這組股票的市值與III的市值最接近。

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position BELFB,7,11172,0 AVH,4,1570,1 BWFG,4,15637,-1 AYTU,5,827,4 Average,5,7302,1 [/table]

[表]股票代碼,有位置的高頻數量,高頻位置的總值(X1000),高頻位置的變化BELFB,7,11172,0 AVH,4,1570,1 BWFG,4,15637,-1 AYTU,5,827,4平均值,5,7302,1[/TABLE]

View table hereif you experience formatting issues.

如果您遇到格式問題,請查看此處的表格。

As you can see these stocks had an average of 5 hedge funds with bullish positions and the average amount invested in these stocks was $7 million. That figure was $22 million in III's case. Bel Fuse, Inc. (NASDAQ:BELFB) is the most popular stock in this table. On the other hand Avianca Holdings SA (NYSE:AVH) is the least popular one with only 4 bullish hedge fund positions. Information Services Group, Inc. (NASDAQ:III) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we'd rather spend our time researching stocks that hedge funds are piling on. Our calculations showed thattop 10 most popular stocksamong hedge funds returned 41.4% in 2019 and outperformed the S&P 500 ETF (SPY) by 10.1 percentage points. These stocks gained 13.9% in 2020 through June 10th but beat the market by 14.2 percentage points. Unfortunately III wasn't nearly as popular as these 10 stocks and hedge funds that were betting on III were disappointed as the stock returned -22.2% during the same time period and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out thetop 10 most popular stocksamong hedge funds as many of these stocks already outperformed the market so far this year.

正如你所看到的,這些股票平均有5只持有看漲頭寸的對衝基金,平均投資於這些股票的金額為700萬美元。在III的情況下,這個數字是2200萬美元。Bel Fuse,Inc.納斯達克股票代碼:BELFB)是本表中最受歡迎的股票。另一方面,Avianca Holdings SA(紐約證券交易所代碼:AVH)是最不受歡迎的,只有4個看漲對衝基金頭寸。信息服務集團(Information Services Group,Inc.)(納斯達克:III)不是這一組中最受歡迎的股票,但對衝基金的興趣仍然高於平均水平。這是一個略微積極的信號,但我們寧願把時間花在研究對衝基金堆積如山的股票上。我們的計算顯示,對衝基金中最受歡迎的前10只股票在2019年的回報率為41.4%,表現比標準普爾500指數交易所交易基金(SPY)高出10.1個百分點。截至6月10日,這些股票在2020年上漲了13.9%,但比大盤高出14.2個百分點。不幸的是,III遠沒有這10只股票那麼受歡迎,押注III的對衝基金失望了,因為該股在同一時期的回報率為22.2%,表現遜於大盤。如果你有興趣投資具有巨大上漲潛力的大盤股,你應該看看對衝基金中最受歡迎的10只股票,因為其中許多股票今年到目前為止已經跑贏了市場。

[company-follow-email id=1371489][/company-follow-email]

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Disclosure: None. This article was originally published atInsider Monkey.

披露:沒有。本文最初發表在“內幕猴子”(Insider Monkey)雜誌上。

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