Interestingly, Dan Rasmussen’s Verdad Advisers dumped the largest position of the “upper crust” of funds watched by Insider Monkey, totaling an estimated $10.4 million in stock, and Noam Gottesman’s GLG Partners was right behind this move, as the fund dumped about $0.8 million worth. (NYSE:GMS) has witnessed declining sentiment from the smart money, it’s safe to say that there lies a certain “tier” of funds who sold off their entire stakes in the second quarter.

Scopia Capital is also relatively very bullish on the stock, earmarking 4 percent of its 13F equity portfolio to GMS. (NYSE:GMS), around 21.19% of its 13F portfolio. In terms of the portfolio weights assigned to each position Coliseum Capital allocated the biggest weight to GMS Inc.

Other investors bullish on the company included Arrowstreet Capital, SG Capital Management, and Citadel Investment Group. It was followed by Scopia Capital with a $29.5 million position. (NYSE:GMS) was held by Coliseum Capital, which reported holding $239 million worth of stock at the end of June. So, let’s check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves. The graph below displays the number of hedge funds with bullish position in GMS over the last 24 quarters. That’s why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.Īt the end of the second quarter, a total of 19 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 0% from the first quarter of 2020. Insider Monkey’s monthly stock picks returned 185.4% since March 2017 and outperformed the S&P 500 ETFs by more than 79 percentage points ( see the details here). 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. (NASDAQ: TBIO), and Two Harbors Investment Corp (NYSE: TWO) to gather more data points. That’s why at the end of this article we will examine companies such as USANA Health Sciences, Inc. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. Our calculations also showed that GMS isn’t among the 30 most popular stocks among hedge funds (click for Q2 rankings). The stock was in 19 hedge funds’ portfolios at the end of June. Overall, hedge fund sentiment was unchanged. (NYSE: GMS) shares haven’t seen a lot of action during the second quarter.

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