9/5/2023 0 Comments Torchlight energy newsStocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Our overall hedge fund sentiment score for TRCH is 43.6. (NASDAQ:TRCH) is not the least popular stock in this group but hedge fund interest is still below average. On the other hand CNFinance Holdings Limited (NYSE: CNF) is the least popular one with only 2 bullish hedge fund positions. (NASDAQ: TCDA) is the most popular stock in this table. That figure was $3 million in TRCH's case. View table here if you experience formatting issues.Īs you can see these stocks had an average of 8.7 hedge funds with bullish positions and the average amount invested in these stocks was $33 million. This group of stocks' market caps resemble TRCH's market cap. (NASDAQ: CBNK), CNFinance Holdings Limited (NYSE: CNF), and Ovid Therapeutics Inc. These stocks are eMagin Corporation (NYSE: EMAN), PCSB Financial Corporation (NASDAQ: PCSB), Tricida, Inc. Let's check out hedge fund activity in other stocks similar to Torchlight Energy Resources, Inc. The only other fund with a brand new TRCH position is Ben Levine, Andrew Manuel and Stefan Renold's LMR Partners. Ken Griffin's Citadel Investment Group also initiated a $0.8 million position during the quarter. GMT Capital had $2 million invested in the company at the end of the quarter. Claugus, established the most valuable position in Torchlight Energy Resources, Inc. We have been able to outperform the passive index funds by tracking the moves of corporate insiders and hedge funds, and we believe small investors can benefit a lot from reading hedge fund investor letters and 13F filings.Īs one would reasonably expect, key money managers were leading the bulls' herd. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 115 percentage points since March 2017 ( see the details here). So, why do we pay attention to hedge fund sentiment before making any investment decisions? Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 19, but the margin of outperformance has been declining in recent years. Our calculations also showed that TRCH isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings). This means the bullish number of hedge fund positions in this stock currently sits at its all time high. The all time high for this statistic is 1. (NASDAQ: TRCH) was in 4 hedge funds' portfolios at the end of March. The number of long hedge fund positions went up by 3 lately. (NASDAQ: TRCH) ready to rally soon? Prominent investors were betting on the stock. One of these stocks was Torchlight Energy Resources, Inc. With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter of 2021.
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