Hedge funds capture a significant fraction of their alpha from small-cap stocks, primarily because the information surrounding this space is less efficient. At Insider Monkey, we've empirically tested this phenomenon, and according to our analysis, hedge funds’ top small-cap picks generate an alpha of about 120 basis points per month.
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According to a filing with the SEC, Steadfast Capital Management has acquired a total of 7.2 million shares of PetroLogistics LP (NYSE: PDH), representing just over 5% of the total shares outstanding. PetroLogistics is a $1.6 billion market cap company that processes propane into propylene (a raw material critical to the petrochemical industry). The company went public in May, with the stock falling 30% in what has been more »
According to a filing with the SEC, James Giertz, who serves as CFO of HB Fuller (NYSE: FUL), purchased 3,000 shares on Oct. 3 at an average price of $30.02. This investment of just over $90,000 drew our attention because insider purchases tend to be positive signs for a stock. Insiders derive substantial income from a company, and therefore already stand to gain or lose in relation more »
Atlantic Investment Management, a fund run by Alexander Roepers with about $2 billion in assets under management, has filed with the SEC to disclose that it has purchased 3.9 million shares of Rockwood Holdings (NYSE: ROC). Rockwood is a $4 billion market cap company which developed specialty chemicals that are then used for a variety of functions, including auto bodies and pharmaceutical-related uses. Atlantic had initiated a position in more »