Published on 10 Nov 2021 on Insider Monkey via Yahoo Finance
Were These Hedge Funds Right About Buying Marsh & McLennan (MMC)?
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period that ended June 30th, so let’s proceed with the discussion of the hedge fund sentiment on Marsh & McLennan Companies, Inc. (NYSE:MMC).
Marsh & McLennan Companies, Inc. (NYSE:MMC) has experienced an increase in support from the world's most elite money managers of late. Marsh & McLennan Companies, Inc. (NYSE:MMC) was in 41 hedge funds' portfolios at the end of the second quarter of 2021. The all time high for this statistic is 43. There were 37 hedge funds in our database with MMC positions at the end of the first quarter. Our calculations also showed that MMC isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).
Why do we pay any attention at all to hedge fund sentiment? Our research has shown that a select group of hedge fund holdings outperformed the S&P 500 ETFs by 79 percentage points since March 2017 (see the details here). That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.