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Published on 9 Jun 2021 on Insider Monkey via Yahoo Finance

NGL Energy Partners LP (NGL): Are Hedge Funds Right About This Stock?


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After several tireless days we have finished crunching the numbers from nearly 900 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of March 31st. The results of that effort will be put on display in this article, as we share valuable insight into the smart money sentiment towards NGL Energy Partners LP (NYSE:NGL).

NGL Energy Partners LP (NYSE:NGL) was in 5 hedge funds' portfolios at the end of March. The all time high for this statistic is 8. NGL investors should pay attention to an increase in hedge fund interest of late. There were 2 hedge funds in our database with NGL positions at the end of the fourth quarter. Our calculations also showed that NGL isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings).

In the eyes of most investors, hedge funds are assumed to be slow, old financial vehicles of years past. While there are over 8000 funds trading at the moment, Our researchers hone in on the masters of this group, about 850 funds. These money managers administer the majority of all hedge funds' total capital, and by observing their unrivaled stock picks, Insider Monkey has unearthed many investment strategies that have historically exceeded the market. Insider Monkey's flagship short hedge fund strategy surpassed the S&P 500 short ETFs by around 20 percentage points annually since its inception in March 2017. Also, our monthly newsletter's portfolio of long stock picks returned 206.8% since March 2017 (through May 2021) and beat the S&P 500 Index by more than 115 percentage points. You can download a sample issue of this newsletter on our website .

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