Published on 28 Sep 2021 on Insider Monkey via Yahoo Finance

Hedge Funds Are Coming Back To Lowe’s Companies, Inc. (LOW)?

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 Lowe's Companies, Inc. (NYSE:LOW).

Lowe's Companies, Inc. (NYSE:LOW) was in 63 hedge funds' portfolios at the end of June. The all time high for this statistic is 89. LOW investors should be aware of an increase in enthusiasm from smart money in recent months. There were 61 hedge funds in our database with LOW holdings at the end of March. Our calculations also showed that LOW 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.