Hedge Funds Are Flocking Into Rockwell Automation Inc. (ROK)
Hedge Funds Are Flocking Into Rockwell Automation Inc. (ROK)
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You can find articles about an individual hedge fund's trades on numerous financial news websites. However, in this article we will take a look at their collective moves over the last 5 years and analyze what the smart money thinks of Rockwell Automation Inc. (NYSE:ROK) based on that data and determine whether they were really smart about the stock.
Rockwell Automation Inc. (NYSE: ROK)has experienced an increase in support from the world's most elite money managers of late. Rockwell Automation Inc. (NYSE:ROK) was in 50 hedge funds' portfolios at the end of the second quarter of 2020. The all time high for this statistics is 36. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. There were 37 hedge funds in our database with ROK positions at the end of the first quarter. Our calculations also showed that ROK isn't among the30 most popular stocks among hedge funds(click for Q2 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.
羅克韋爾自動化公司(紐約證券交易所：最近，來自世界上最精英的基金經理的支持有所增加。截至2020年第二季度末，羅克韋爾自動化公司(紐約證券交易所代碼：ROK)在50家對衝基金的投資組合中佔有一席之地。這一統計數據的歷史最高值是36。這意味着這隻股票的看漲對衝基金頭寸數量目前處於歷史最高水平。截至第一季度末，我們的數據庫中有37只對衝基金持有韓國頭寸。我們的計算還顯示，韓國不在對衝基金最受歡迎的30只股票之列(點擊查看第二季度排名，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。
In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. 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. Insider Monkey's monthly stock picks returned 101% since March 2017 and outperformed the S&P 500 ETFs by more than 56 percentage points. Our short strategy outperformed the S&P 500 short ETFs by 20 percentage points annually (see the details here). That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.
在金融界，投資者有大量工具可以用來給股票評級。對衝基金和內幕交易指標是最不為人所知的兩種工具。我們已經證明，從歷史上看，那些追隨最優秀基金經理的人的表現可以比更廣泛的指數高出很多。自2017年3月以來，Insider Monkey的月度選股回報率為101%，表現比標準普爾500指數ETF高出逾56個百分點。我們的做空策略每年的表現比標準普爾500指數做空ETF高出20個百分點(詳情請看這裏)。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有用指標。
Tom Gayner of Markel Gayner Asset Management
馬克爾·蓋納資產管理公司(Markel Gayner Asset Management)的湯姆·蓋納
At Insider Monkey we scour multiple sources to uncover the next great investment idea. Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost precious metals prices. So, we are checking out this junior gold mining stock .. We go through lists like the 10 most profitable companies in America to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here . Keeping this in mind let's view the key hedge fund action encompassing Rockwell Automation Inc. (NYSE:ROK).
在Insider Monkey，我們搜索多個來源，以發現下一個偉大的投資想法。美國聯邦儲備委員會(Federal Reserve)一直在通過電子手段創造數萬億美元，以將利率保持在接近零的水平。我們認為這將導致通脹並提振貴金屬價格。所以，我們正在調查這件事初級金礦股。。我們看了一遍這10個人的名單美國最賺錢的公司挑選最好的大盤股進行買入。儘管我們只推薦了我們分析的公司中很小一部分的頭寸，但我們會盡可能多地查看股票。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。如果您想立即找到最適合購買的醫療保健股票，您可以觀看我們最新的對衝基金經理採訪請點擊此處。記住這一點，讓我們來看看圍繞羅克韋爾自動化公司(紐約證券交易所代碼：韓國)的關鍵對衝基金行動。
How have hedgies been trading Rockwell Automation Inc. (NYSE:ROK)?
對衝基金一直在交易羅克韋爾自動化公司(Rockwell Automation Inc.)(紐約證券交易所代碼：韓國)？
At second quarter's end, a total of 50 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 35% from one quarter earlier. By comparison, 31 hedge funds held shares or bullish call options in ROK a year ago. With hedgies' sentiment swirling, there exists a select group of notable hedge fund managers who were boosting their stakes meaningfully (or already accumulated large positions).
截至第二季度末，Insider Monkey追蹤的對衝基金中共有50家持有這隻股票的多頭頭寸，較上一季度增加了35%。相比之下，一年前有31家對衝基金在韓國持有股票或看漲看漲期權。隨着套期保值者情緒的波動，有一羣著名的對衝基金經理在有意義地增持股份(或者已經積累了大量頭寸)。
When looking at the institutional investors followed by Insider Monkey, Impax Asset Management, managed by Ian Simm, holds the biggest position in Rockwell Automation Inc. (NYSE:ROK). Impax Asset Management has a $77 million position in the stock, comprising 0.8% of its 13F portfolio. The second largest stake is held by Aaron Cowen of Suvretta Capital Management, with a $67.1 million position; the fund has 1.4% of its 13F portfolio invested in the stock. Remaining professional money managers that hold long positions encompass Seth Rosen'sNitorum Capital, Mario Gabelli's GAMCO Investors and Tom Gayner's Markel Gayner Asset Management. In terms of the portfolio weights assigned to each position Heathbridge Capital Management allocated the biggest weight to Rockwell Automation Inc. (NYSE:ROK), around 4.27% of its 13F portfolio.Bourgeon Capitalis also relatively very bullish on the stock, designating 2.75 percent of its 13F equity portfolio to ROK.
看看Insider Monkey緊隨其後的機構投資者，由伊恩·西姆管理的Impax資產管理公司在羅克韋爾自動化公司(紐約證券交易所代碼：ROK)持有最大的頭寸。Impax Asset Management持有7700萬美元的股票頭寸，佔其13F投資組合的0.8%。第二大持股由Suvretta Capital Management的Aaron Cowen持有，持倉6,710萬美元；該基金13F投資組合中有1.4%投資於該股。其餘持有多頭頭寸的專業基金經理包括塞斯·羅森(Seth Rosen)的Nitorum Capital、馬裏奧·加貝利(Mario Gabelli)的Gamco投資者以及湯姆·蓋納的馬克爾·蓋納資產管理公司。就每個頭寸的投資組合權重而言，希思橋資本管理公司(Heathbridge Capital Management)對羅克韋爾自動化公司(Rockwell Automation Inc.)(紐約證券交易所代碼：韓國)的權重最大，約佔其13F投資組合的4.27%。Bourjo Capitalis也相對非常看好該股，將其13F股票投資組合的2.75%分配給韓國。
As one would reasonably expect, specific money managers have been driving this bullishness.Suvretta Capital Management, managed by Aaron Cowen, assembled the largest position in Rockwell Automation Inc. (NYSE:ROK). Suvretta Capital Management had $67.1 million invested in the company at the end of the quarter. Steve Cohen's Point72 Asset Management also made a $27.9 million investment in the stock during the quarter. The other funds with new positions in the stock are Principal Global Investors's Columbus Circle Investors, Andrew Sandler'sSandler Capital Management, and Phill Gross and Robert Atchinson's Adage Capital Management.
正如人們可以合理預期的那樣，特定的基金經理一直在推動這種看漲。由亞倫·考恩(Aaron Cowen)管理的Suvretta Capital Management持有羅克韋爾自動化公司(Rockwell Automation Inc.)(紐約證券交易所代碼：韓國)的最大頭寸。截至季度末，Suvretta Capital Management在該公司的投資為6710萬美元。史蒂夫·科恩(Steve Cohen)的Point72資產管理公司(Point72 Asset Management)在本季度也對該股進行了2790萬美元的投資。其他持有該股新頭寸的基金有：信安全球投資公司的Columbus Circle Investors，安德魯·桑德勒的桑德勒資本管理公司，以及菲爾·格羅斯和羅伯特·阿欽森的格言資本管理公司。
Let's go over hedge fund activity in other stocks similar to Rockwell Automation Inc. (NYSE:ROK). We will take a look at Waste Connections, Inc. (NYSE:WCN), Telefonica S.A. (NYSE:TEF), Otis Worldwide Corporation (NYSE:OTIS), Fastenal Company (NASDAQ:FAST), Barclays PLC (NYSE:BCS), STMicroelectronics N.V. (NYSE:STM), and Nikola Corporation (NASDAQ:NKLA). This group of stocks' market values resemble ROK's market value.
讓我們來看看類似羅克韋爾自動化公司(NYSE：ROK)的其他股票中的對衝基金活動。我們來看看Waste Connections，Inc.。(紐約證券交易所代碼：WCN)，Telefonica S.A.(紐約證券交易所：TEF), 奧的斯全球公司(紐約證券交易所代碼：OTIS)，Fastenal公司(納斯達克：FAST)，巴克萊銀行(Barclays PLC)(紐約證券交易所代碼：BCS)，意法半導體公司(紐約證券交易所代碼：STM)，以及尼古拉公司(納斯達克股票代碼：NKLA)這組股票的市值與韓國的市值相似。
[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position WCN,39,720610,6 TEF,6,9842,-1 OTIS,56,2110419,52 FAST,34,633636,0 BCS,8,35407,-5 STM,12,55960,1 NKLA,29,1382479,16 Average,26.3,706908,9.9 [/table]
[表格]股票代碼，帶位置的高頻數量，高頻位置的總值(X1000)，高頻位置變化WCN，39,720610，6 TEF，6,9842，-1\f25 OTIS-1，56,2110419，52 FAST，34,633636，0 BCS，8,35407，-5\f25 STM-5，12,55960，1 NKLA，29,1382479，16平均值，26.3,706908，9.9[/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 26.3 hedge funds with bullish positions and the average amount invested in these stocks was $707 million. That figure was $547 million in ROK's case. Otis Worldwide Corporation (NYSE:OTIS) is the most popular stock in this table. On the other hand Telefonica S.A. (NYSE:TEF) is the least popular one with only 6 bullish hedge fund positions. Rockwell Automation Inc. (NYSE:ROK) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for ROK is 84. 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. 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 33% in 2020 through the end of August and beat the market by 23.2 percentage points. Unfortunately ROK wasn't nearly as popular as these 10 stocks and hedge funds that were betting on ROK were disappointed as the stock returned 8.7% 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26.3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7.07億美元。在韓國，這一數字為5.47億美元。奧的斯全球公司(紐約證券交易所市場代碼：OTIS)是該表中最受歡迎的股票。另一方面，Telefonica S.A.(紐約證券交易所代碼：TEF)是最不受歡迎的，只有6個看漲對衝基金頭寸。羅克韋爾自動化公司(紐約證券交易所代碼：ROK)不是這類股票中最受歡迎的股票，但對衝基金的興趣仍然高於平均水平。我們對韓國的整體對衝基金情緒得分為84分。與其他股票相比，對衝基金持倉數量較多的股票，以及相對於其歷史區間的股票，獲得更高的情緒得分。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正在大舉買入的股票上。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(標普500ETF)高出10.1個百分點。截至8月底，這些股票在2020年上漲了33%，比大盤高出23.2個百分點。不幸的是，韓國遠沒有這10只股票那麼受歡迎，押注於韓國的對衝基金感到失望，因為同期韓國股票的回報率為8.7%，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迄今的表現已經好於大盤。
Get real-time email alerts: FollowRockwell Automation Inc (NYSE:ROK)
獲取實時電子郵件提醒：FollowRockwell Automation Inc(紐約證券交易所代碼：韓國)
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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譯文內容由第三人軟體翻譯。