SNE

Sony Corporation

66.8000
USD
0.24%
66.8000
USD
0.24%
41.9100 73.8600
52 weeks
52 weeks

Mkt Cap 84.81B

Shares Out 1.27B

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Hedge Funds Are Cashing Out Of Sony Corporation (SNE)

We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat the S&P 500 ETFs by 14 percentage points. Investing in index funds guarantees you average returns, not superior returns. We are looking to generate superior returns for our readers. That's why we believe it isn't a waste of time to check out hedge fund sentiment before you invest in a stock like Sony Corporation (NYSE:SNE).

Sony Corporation (NYSE:SNE) investors should pay attention to a decrease in support from the world's most elite money managers recently. SNE was in 26 hedge funds' portfolios at the end of September. There were 35 hedge funds in our database with SNE holdings at the end of the previous quarter. Our calculations also showed that SNE isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video below for Q2 rankings). Video: Click the image to watch our video about the top 5 most popular hedge fund stocks.

5 Most Popular Stocks Among Hedge Funds

Why do we pay any attention at all to hedge fund sentiment? Our research has shown that hedge funds' large-cap stock picks indeed failed to beat the market between 1999 and 2016. However, we were able to identify in advance a select group of hedge fund holdings that outperformed the Russell 2000 ETFs by 40 percentage points since May 2014 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that'll significantly underperform the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 27.8% through November 21, 2019. That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.

[caption id="attachment_221400" align="aligncenter" width="600"] Crispin Odey of Odey Asset Management Group[/caption]

Unlike the largest US hedge funds that are convinced Dow will soar past 40,000 or the world's most bearish hedge fund that's more convinced than ever that a crash is coming, our long-short investment strategy doesn't rely on bull or bear markets to deliver double digit returns. We only rely on the best performing hedge funds' buy/sell signals. We're going to go over the key hedge fund action encompassing Sony Corporation (NYSE:SNE).

How are hedge funds trading Sony Corporation (NYSE:SNE)?

At the end of the third quarter, a total of 26 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -26% from the second quarter of 2019. The graph below displays the number of hedge funds with bullish position in SNE over the last 17 quarters. So, let's review which hedge funds were among the top holders of the stock and which hedge funds were making big moves.


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