Published on 19 Oct 2021 on Insider Monkey via Yahoo Finance

Booz Allen Hamilton Holding Corporation (BAH) Fell Out Of Favor With Hedge Funds?

The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of June 30th. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive review of these public filings is finally over, so this article is set to reveal the smart money sentiment towards Booz Allen Hamilton Holding Corporation (NYSE:BAH).

Hedge fund interest in Booz Allen Hamilton Holding Corporation (NYSE:BAH) shares was flat at the end of last quarter. This is usually a negative indicator. Our calculations also showed that BAH isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). At the end of this article we will also compare BAH to other stocks including Bruker Corporation (NASDAQ:BRKR), RPM International Inc. (NYSE:RPM), and Axon Enterprise, Inc. (NASDAQ:AXON) to get a better sense of its popularity.

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.