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Published on 22 Jun 2021 on Insider Monkey via Yahoo Finance

Where Do Hedge Funds Stand On PARTS iD, Inc. (ID)?


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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. One of these stocks was PARTS iD, Inc. (NYSE:ID).

Is PARTS iD, Inc. (NYSE:ID) worth your attention right now? Hedge funds were in an optimistic mood. The number of long hedge fund bets rose by 2 recently. PARTS iD, Inc. (NYSE:ID) was in 6 hedge funds' portfolios at the end of the first quarter of 2021. The all time high for this statistic is 4. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. Our calculations also showed that ID isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings). There were 4 hedge funds in our database with ID positions at the end of the fourth quarter.

If you'd ask most shareholders, hedge funds are perceived as slow, old investment tools of years past. While there are over 8000 funds with their doors open at the moment, We look at the upper echelon of this club, approximately 850 funds. These hedge fund managers direct bulk of all hedge funds' total capital, and by shadowing their matchless stock picks, Insider Monkey has determined numerous investment strategies that have historically outpaced Mr. Market. Insider Monkey's flagship short hedge fund strategy exceeded 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 .

NYSE.ID price evolution

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