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Published on 10 Nov 2021 on Insider Monkey via Yahoo Finance

Were Hedge Funds Right About JetBlue Airways Corporation (JBLU)?


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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 JetBlue Airways Corporation (NASDAQ:JBLU).

JetBlue Airways Corporation (NASDAQ:JBLU) was in 30 hedge funds' portfolios at the end of June. The all time high for this statistic is 42. JBLU has experienced an increase in support from the world's most elite money managers in recent months. There were 29 hedge funds in our database with JBLU positions at the end of the first quarter. Our calculations also showed that JBLU isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).

To most stock holders, hedge funds are perceived as unimportant, outdated financial tools of yesteryear. While there are over 8000 funds with their doors open at present, Our experts look at the aristocrats of this group, about 850 funds. These money managers handle the majority of the smart money's total asset base, and by shadowing their best picks, Insider Monkey has deciphered a number of investment strategies that have historically defeated the market. Insider Monkey's flagship short hedge fund strategy exceeded the S&P 500 short ETFs by around 20 percentage points per year since its inception in March 2017. Also, our monthly newsletter's portfolio of long stock picks returned 185.4% since March 2017 (through August 2021) and beat the S&P 500 Index by more than 79 percentage points. You can download a sample issue of this newsletter on our website.

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