Alok Agrawal's fund, Bloom Tree Partners, also dumped its stock, about $28.5 million worth. At the top of the heap, Josh Donfeld and David Rogers's Castle Hook Partners said goodbye to the largest investment of the "upper crust" of funds followed by Insider Monkey, comprising about $57.5 million in stock.
#Hedfungs selling nutani full#
(NASDAQ:NTNX) has experienced falling interest from the entirety of the hedge funds we track, we can see that there lies a certain "tier" of hedge funds that decided to sell off their full holdings by the end of the second quarter. Altimeter Capital Management, Citadel Investment Group, and Millennium Management were also very fond of the stock, giving the stock large weights in their portfolios. Trailing Generation Investment Management was Eminence Capital, which amassed a stake valued at $99.5 million. (NASDAQ:NTNX), with a stake worth $374.1 million reported as of the end of March. More specifically, Generation Investment Management was the largest shareholder of Nutanix, Inc. Even if you aren't comfortable with shorting stocks, you should at least avoid initiating long positions in our short portfolio.
We have been tracking and sharing the list of these stocks since February 2017 in our quarterly newsletter. Investors who are long the market and short these stocks would have returned more than 27% annually between 20. Interestingly the margin of underperformance of these stocks has been increasing in recent years. We were also able to identify in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 20. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the market by 40 percentage points since May 2014 through ( see the details here). So, why do we pay attention to hedge fund sentiment before making any investment decisions? Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 19, but the margin of outperformance has been declining in recent years.
Our calculations also showed that NTNX isn't among the 30 most popular stocks among hedge funds. The number of bullish hedge fund bets were trimmed by 11 in recent months. (NASDAQ: NTNX) an exceptional stock to buy now? Investors who are in the know are getting less optimistic.
There is not a shortage of news stories covering failed hedge fund investments and it is a fact that hedge funds' picks don't beat the market 100% of the time, but their consensus picks have historically done very well and have outperformed the market after adjusting for risk. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. (NASDAQ: NTNX) a good bet right now? We like to analyze hedge fund sentiment before conducting days of in-depth research.