Hedge fund managers like David Einhorn, Dan Loeb, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing their quarterly 13F filings. One of the most fertile grounds for large abnormal returns is hedge funds’ most popular small-cap picks, which are not so widely followed and often trade at a discount to their intrinsic value. In this article we will check out hedge fund activity in another small-cap stock: OraSure Technologies, Inc. (NASDAQ:OSUR).
OraSure Technologies, Inc. (NASDAQ:OSUR) was in 25 hedge funds’ portfolios at the end of September. OSUR has seen an increase in hedge fund interest in recent months. There were 21 hedge funds in our database with OSUR positions at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Innocoll AG (NASDAQ:INNL), Electro Rent Corporation (NASDAQ:ELRC), and HENNESS CAPITAL ACQUISITION CORP II (NASDAQ:HCAC) to gather more data points.
To most shareholders, hedge funds are viewed as slow, old investment vehicles of years past. While there are over 8000 funds with their doors open at the moment, Our researchers choose to focus on the crème de la crème of this club, about 700 funds. These money managers manage most of the smart money’s total capital, and by tracking their matchless stock picks, Insider Monkey has formulated a number of investment strategies that have historically outrun the S&P 500 index. Insider Monkey’s small-cap hedge fund strategy outstripped the S&P 500 index by 12 percentage points a year for a decade in their back tests.BLOG COMMENTS POWERED BY DISQUS