Published on 25 Oct 2021 on Insider Monkey via Yahoo Finance

Hedge Funds Are Coming Back To Garmin Ltd. (GRMN)

In this article you are going to find out whether hedge funds think Garmin Ltd. (NASDAQ:GRMN) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known risk attributes. It's not surprising given that hedge funds have access to better information and more resources to predict the winners in the stock market.

Garmin Ltd. (NASDAQ:GRMN) shareholders have witnessed an increase in hedge fund sentiment recently. Garmin Ltd. (NASDAQ:GRMN) was in 25 hedge funds' portfolios at the end of the second quarter of 2021. The all time high for this statistic is 32. There were 23 hedge funds in our database with GRMN positions at the end of the first quarter. Our calculations also showed that GRMN isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).

Today there are a multitude of metrics stock market investors can use to assess publicly traded companies. A pair of the most underrated metrics are hedge fund and insider trading activity. Our researchers have shown that, historically, those who follow the best picks of the top money managers can beat the broader indices by a significant amount (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.