Published on 25 Oct 2021 on Insider Monkey via Yahoo Finance
Vereit Inc (VER) Fell Out Of Favor With Hedge Funds
At Insider Monkey, we pore over the filings of nearly 873 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of June 30th. In this article, we will use that wealth of knowledge to determine whether or not Vereit Inc (NYSE:VER) makes for a good investment right now.
Is Vereit Inc (NYSE:VER) an attractive investment right now? The smart money was turning less bullish. The number of long hedge fund bets shrunk by 5 recently. Vereit Inc (NYSE:VER) was in 22 hedge funds' portfolios at the end of the second quarter of 2021. The all time high for this statistic is 44. Our calculations also showed that VER isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). There were 27 hedge funds in our database with VER positions at the end of the first quarter.
To most shareholders, hedge funds are assumed to be slow, outdated financial vehicles of the past. While there are greater than 8000 funds trading at present, Our experts choose to focus on the top tier of this group, about 850 funds. It is estimated that this group of investors orchestrate bulk of the smart money's total asset base, and by shadowing their matchless equity investments, Insider Monkey has revealed several investment strategies that have historically outperformed the broader indices. Insider Monkey's flagship short hedge fund strategy outstripped 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.