The 800+ hedge funds and well-known cash managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their fairness positions as of September 30. We went by way of these filings, mounted typos and different extra important errors and recognized the modifications in hedge fund portfolios. Our intensive assessment of those public filings is lastly over, so this text is ready to disclose the good cash sentiment in direction of Sea Restricted (NYSE:SE).

Sea Restricted (NYSE:SE) was in 95 hedge funds’ portfolios on the finish of the third quarter of 2020. The all time excessive for this statistics is 82. This implies the bullish variety of hedge fund positions on this inventory presently sits at its all time excessive. SE has seen a rise in hedge fund sentiment currently. There have been 82 hedge funds in our database with SE positions on the finish of the second quarter. Our calculations additionally confirmed that SE ranked 20th among the many 30 hottest shares amongst hedge funds (click on for Q3 rankings and see the video for a fast have a look at the highest 5 shares). Video: Watch our video concerning the high 5 hottest hedge fund shares.

Hedge funds’ status as shrewd buyers has been tarnished within the final decade as their hedged returns could not sustain with the unhedged returns of the market indices. Our analysis has proven that hedge funds’ small-cap inventory picks managed to beat the market by double digits yearly between 1999 and 2016, however the margin of outperformance has been declining in recent times. Nonetheless, we have been nonetheless capable of determine upfront a choose group of hedge fund holdings that outperformed the S&P 500 ETFs by 66 proportion factors since March 2017 (see the main points right here). We have been additionally capable of determine upfront a choose group of hedge fund holdings that underperformed the market by 10 proportion factors yearly between 2006 and 2017. Curiously the margin of underperformance of those shares has been rising in recent times. Traders who’re lengthy the market and quick these shares would have returned greater than 27% yearly between 2015 and 2017. Now we have been monitoring and sharing the record of those shares since February 2017 in our quarterly e-newsletter.

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COATUE MANAGEMENT

Philippe Laffont of Coatue Administration

At Insider Monkey we depart no stone unturned when in search of the following nice funding concept. For instance, we imagine electrical autos and vitality storage are set to change into large markets. Tesla’s inventory worth skyrocketed, but lithium costs are nonetheless beneath their 2019 highs. So, we’re trying out this lithium inventory proper now. We undergo lists just like the 15 finest blue chip shares to purchase to select the perfect large-cap shares to purchase. Despite the fact that we advocate positions in solely a tiny fraction of the businesses we analyze, we take a look at as many shares as we are able to. We learn hedge fund investor letters and hearken to inventory pitches at hedge fund conferences. You’ll be able to subscribe to our free each day e-newsletter on our web site. Holding this in thoughts we will go over the recent hedge fund motion concerning Sea Restricted (NYSE:SE).

What have hedge funds been doing with Sea Restricted (NYSE:SE)?

On the finish of September, a complete of 95 of the hedge funds tracked by Insider Monkey have been bullish on this inventory, a change of 16% from one quarter earlier. Alternatively, there have been a complete of 69 hedge funds with a bullish place in SE a yr in the past. With hedgies’ positions present process their traditional ebb and move, there exists an “higher tier” of notable hedge fund managers who have been upping their stakes meaningfully (or already accrued massive positions).

The biggest stake in Sea Restricted (NYSE:SE) was held by Tiger International Administration LLC, which reported holding $1287.7 million price of inventory on the finish of September. It was adopted by Kora Administration with a $597.7 million place. Different buyers bullish on the corporate included GQG Companions, Coatue Administration, and Alkeon Capital Administration. When it comes to the portfolio weights assigned to every place Karst Peak Capital allotted the largest weight to Sea Restricted (NYSE:SE), round 76.96% of its 13F portfolio. Kora Administration can also be comparatively very bullish on the inventory, setting apart 69.97 % of its 13F fairness portfolio to SE.

Consequently, key hedge funds have been main the bulls’ herd. Holocene Advisors, managed by Brandon Haley, created essentially the most outsized place in Sea Restricted (NYSE:SE). Holocene Advisors had $160.7 million invested within the firm on the finish of the quarter. Larry Chen and Terry Zhang’s Tairen Capital additionally made a $24.5 million funding within the inventory throughout the quarter. The next funds have been additionally among the many new SE buyers: Neal Nathani and Darren Dinneen’s Totem Level Administration, Sander Gerber’s Hudson Bay Capital Administration, and Phill Gross and Robert Atchinson’s Adage Capital Administration.

Let’s additionally study hedge fund exercise in different shares just like Sea Restricted (NYSE:SE). We’ll check out Prologis Inc (NYSE:PLD), Sq., Inc. (NYSE:SQ), Altria Group Inc (NYSE:MO), JD.Com Inc (NASDAQ:JD), Vertex Prescribed drugs Integrated (NASDAQ:VRTX), KE Holdings Inc. (NYSE:BEKE) and Snowflake Inc. (NYSE:SNOW). This group of shares’ market caps match SE’s market cap.

[table] Ticker, No of HFs with positions, Whole Worth of HF Positions (x1000), Change in HF Place PLD,33,518397,-2 SQ,73,6501994,7 MO,47,1259705,four JD,85,13574479,-2 VRTX,55,3419082,1 BEKE,28,1327441,28 SNOW,59,4614302,59 Common,54.3,4459343,13.6 [/table]

View desk right here when you expertise formatting points.

As you possibly can see these shares had a median of 54.Three hedge funds with bullish positions and the typical quantity invested in these shares was $4459 million. That determine was $7818 million in SE’s case. JD.Com Inc (NASDAQ:JD) is the most well-liked inventory on this desk. Alternatively KE Holdings Inc. (NYSE:BEKE) is the least common one with solely 28 bullish hedge fund positions. In comparison with these shares Sea Restricted (NYSE:SE) is extra common amongst hedge funds. Our total hedge fund sentiment rating for SE is 90.5. Shares with greater variety of hedge fund positions relative to different shares in addition to relative to their historic vary obtain the next sentiment rating. Our calculations confirmed that high 20 hottest shares amongst hedge funds returned 41.3% in 2019 and outperformed the S&P 500 ETF (SPY) by 10 proportion factors. These shares returned 28.1% in 2020 by way of November 23rd however nonetheless managed to beat the market by 15.four proportion factors. Hedge funds have been additionally proper about betting on SE because the inventory returned 18.7% for the reason that finish of September (by way of 11/23) and outperformed the market by an excellent bigger margin. Hedge funds have been clearly proper about piling into this inventory relative to different shares with comparable market capitalizations.

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Disclosure: None. This text was initially revealed at Insider Monkey.

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