A whopping variety of 13F filings filed with U.S. Securities and Alternate Fee has been processed by Insider Monkey in order that particular person buyers can have a look at the general hedge fund sentiment in direction of the shares included of their watchlists. These freshly-submitted public filings disclose cash managers’ fairness positions as of the top of the three-month interval that ended December thirty first, so let’s proceed with the dialogue of the hedge fund sentiment on Synchrony Monetary (NYSE:SYF).
Is SYF inventory a purchase or promote? Outstanding buyers have been turning into extra assured. The variety of bullish hedge fund positions superior by 4 in current months. Synchrony Monetary (NYSE:SYF) was in 50 hedge funds’ portfolios on the finish of the fourth quarter of 2020. The all time excessive for this statistic is 82. Our calculations additionally confirmed that SYF is not among the many 30 most popular stocks among hedge funds (click on for This fall rankings). There have been 46 hedge funds in our database with SYF holdings on the finish of September.
Within the monetary world there are a large number of metrics shareholders use to guage their holdings. A pair of the most effective metrics are hedge fund and insider buying and selling indicators. Our consultants have proven that, traditionally, those that observe the most effective picks of the highest hedge fund managers can outclass the broader indices by a major margin (see the details here).
Scott Ferguson of Sachem Head Capital
At Insider Monkey we depart no stone unturned when on the lookout for the following nice funding concept. For instance, lithium mining is likely one of the quickest rising industries proper now, so we’re testing inventory pitches like this emerging lithium stock. We undergo lists like the ten best hydrogen fuel cell stocks to select the following Tesla that may ship a 10x return. Despite the fact that we advocate positions in solely a tiny fraction of the businesses we analyze, we try as many shares as we will. We learn hedge fund investor letters and hearken to inventory pitches at hedge fund conferences. You may subscribe to our free each day e-newsletter on our homepage (or on the finish of this text). Preserving this in thoughts let’s assessment the recent hedge fund motion encompassing Synchrony Monetary (NYSE:SYF).
Do Hedge Funds Assume SYF Is A Good Inventory To Purchase Now?
At fourth quarter’s finish, a complete of fifty of the hedge funds tracked by Insider Monkey held lengthy positions on this inventory, a change of 9% from the third quarter of 2020. By comparability, 44 hedge funds held shares or bullish name choices in SYF a 12 months in the past. So, let’s assessment which hedge funds have been among the many prime holders of the inventory and which hedge funds have been making large strikes.
Amongst these funds, Berkshire Hathaway held essentially the most beneficial stake in Synchrony Monetary (NYSE:SYF), which was value $698.6 million on the finish of the fourth quarter. On the second spot was Southpoint Capital Advisors which amassed $347.1 million value of shares. PAR Capital Administration, Arrowstreet Capital, and Sachem Head Capital have been additionally very keen on the inventory, turning into one of many largest hedge fund holders of the corporate. By way of the portfolio weights assigned to every place PAR Capital Management allotted the most important weight to Synchrony Monetary (NYSE:SYF), round 7.04% of its 13F portfolio. Southpoint Capital Advisors can be comparatively very bullish on the inventory, setting apart 6.05 % of its 13F fairness portfolio to SYF.
As one would fairly anticipate, particular cash managers have been driving this bullishness. Balyasny Asset Administration, managed by Dmitry Balyasny, established the biggest place in Synchrony Monetary (NYSE:SYF). Balyasny Asset Administration had $62.2 million invested within the firm on the finish of the quarter. George Soros’s Soros Fund Management additionally initiated a $22.1 million place throughout the quarter. The next funds have been additionally among the many new SYF buyers: D. E. Shaw’s D E Shaw, David Rosen’s Rubric Capital Management, and Alexander Mitchell’s Scopus Asset Administration.
Let’s additionally look at hedge fund exercise in different shares just like Synchrony Monetary (NYSE:SYF). These shares are SVB Monetary Group (NASDAQ:SIVB), EPAM Methods Inc (NYSE:EPAM), Journey.com Group Restricted (NASDAQ:TCOM), Entergy Company (NYSE:ETR), AmerisourceBergen Company (NYSE:ABC), EXACT Sciences Company (NASDAQ:EXAS), and Teradyne, Inc. (NASDAQ:TER). This group of shares’ market valuations are just like SYF’s market valuation.
[table] Ticker, No of HFs with positions, Complete Worth of HF Positions (x1000), Change in HF Place SIVB,31,707703,4 EPAM,32,616823,-1 TCOM,34,1667634,4 ETR,36,829666,9 ABC,47,681405,2 EXAS,40,1898594,6 TER,47,1417981,5 Common,38.1,1117115,4.1 [/table]
View table here for those who expertise formatting points.
As you possibly can see these shares had a median of 38.1 hedge funds with bullish positions and the typical quantity invested in these shares was $1117 million. That determine was $2465 million in SYF’s case. AmerisourceBergen Company (NYSE:ABC) is the preferred inventory on this desk. Alternatively SVB Monetary Group (NASDAQ:SIVB) is the least widespread one with solely 31 bullish hedge fund positions. In comparison with these shares Synchrony Monetary (NYSE:SYF) is extra widespread amongst hedge funds. Our general hedge fund sentiment rating for SYF is 77.3. Shares with greater variety of hedge fund positions relative to different shares in addition to relative to their historic vary obtain a better sentiment rating. Our calculations confirmed that top 30 most popular stocks amongst hedge funds returned 81.2% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 26 proportion factors. These shares returned 5.3% in 2021 by means of March nineteenth however nonetheless managed to beat the market by 0.8 proportion factors. Hedge funds have been additionally proper about betting on SYF because the inventory returned 18.8% for the reason that finish of December (by means of 3/19) and outperformed the market by a fair bigger margin. Hedge funds have been clearly proper about piling into this inventory relative to different shares with related market capitalizations.
Get real-time e-mail alerts: Comply with Synchrony Monetary (NYSE:SYF)
Disclosure: None. This text was initially revealed at Insider Monkey.
Associated Content material