Published on 7 Feb 2022 on Insider Monkey via Yahoo Finance
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 867 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of September 30th, when the S&P 500 Index was trading around the 4300 level. Since then investors decided to bet on the economic recovery and a stock market rebound even though we experienced a temporary correction in January. In this article you are going to find out whether hedge funds thought Jones Lang LaSalle Inc (NYSE:JLL) was a good investment heading into the fourth quarter and how the stock traded in comparison to the top hedge fund picks.
Jones Lang LaSalle Inc (NYSE:JLL) has experienced a decrease in support from the world's most elite money managers in recent months. Jones Lang LaSalle Inc (NYSE:JLL) was in 30 hedge funds' portfolios at the end of September. The all time high for this statistic is 31. There were 31 hedge funds in our database with JLL holdings at the end of June. Our calculations also showed that JLL isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings).
At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium prices have more than doubled over the past year, so we go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. Keeping this in mind let's take a look at the fresh hedge fund action regarding Jones Lang LaSalle Inc (NYSE:JLL).