Published on 26 Oct 2021 on Insider Monkey via Yahoo Finance
Hedge Funds Are Piling Into Raven Industries, Inc. (RAVN)
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 Raven Industries, Inc. (NASDAQ:RAVN).
Raven Industries, Inc. (NASDAQ:RAVN) was in 22 hedge funds' portfolios at the end of June. The all time high for this statistic was previously 16. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. RAVN investors should be aware of an increase in activity from the world's largest hedge funds recently. There were 16 hedge funds in our database with RAVN holdings at the end of March. Our calculations also showed that RAVN isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).
To the average investor there are many gauges stock market investors use to appraise stocks. Two of the best gauges are hedge fund and insider trading interest. We have shown that, historically, those who follow the best picks of the best fund managers can outperform the S&P 500 by a very impressive margin (see the details here). 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.