We at Insider Monkey have gone over 873 13F filings that hedge funds and prominent investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of June 30th. In this article, we look at what those funds think of Artisan Partners Asset Management Inc (NYSE:APAM) based on that data.
Is Artisan Partners Asset Management Inc (NYSE:APAM) going to take off soon? The smart money was taking a bearish view. The number of bullish hedge fund positions fell by 2 lately. Artisan Partners Asset Management Inc (NYSE:APAM) was in 19 hedge funds’ portfolios at the end of the second quarter of 2021. The all time high for this statistic is 26. Our calculations also showed that APAM isn’t among the 30 most popular stocks among hedge funds (click for Q2 rankings). There were 21 hedge funds in our database with APAM positions at the end of the first quarter.
Today there are several indicators stock market investors use to appraise publicly traded companies. A duo of the less utilized indicators are hedge fund and insider trading activity. We have shown that, historically, those who follow the top picks of the top fund managers can outpace their index-focused peers by a healthy margin (see the details here). Also, our monthly newsletter’s portfolio of long stock picks returned 185.4% since March 2017 (through August 2021) and beat the S&P 500 Index by more than 79 percentage points. You can download a sample issue of this newsletter on our website.
Eric Sprott of Sprott Asset Management
Keeping this in mind let’s take a peek at the new hedge fund action surrounding Artisan Partners Asset Management Inc (NYSE:APAM).
Do Hedge Funds Think APAM Is A Good Stock To Buy Now?
At 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 -10% from the first quarter of 2020. By comparison, 21 hedge funds held shares or bullish call options in APAM a year ago. So, let’s find out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
More specifically, Fisher Asset Management was the largest shareholder of Artisan Partners Asset Management Inc (NYSE:APAM), with a stake worth $73 million reported as of the end of June. Trailing Fisher Asset Management was Royce & Associates, which amassed a stake valued at $33.3 million. Millennium Management, Arrowstreet Capital, and Sprott Asset Management were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Infini Capital allocated the biggest weight to Artisan Partners Asset Management Inc (NYSE:APAM), around 4.35% of its 13F portfolio. Sprott Asset Management is also relatively very bullish on the stock, designating 0.68 percent of its 13F equity portfolio to APAM.
Because Artisan Partners Asset Management Inc (NYSE:APAM)…
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