Published on 12 Oct 2021 on Insider Monkey via Yahoo Finance

Hedge Funds Are Buying Clarivate Plc (CLVT)

A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period that ended June 30th, so let’s proceed with the discussion of the hedge fund sentiment on Clarivate Plc (NYSE:CLVT).

Is Clarivate Plc (NYSE:CLVT) an attractive stock to buy now? Investors who are in the know were taking an optimistic view. The number of long hedge fund bets rose by 15 recently. Clarivate Plc (NYSE:CLVT) was in 41 hedge funds' portfolios at the end of the second quarter of 2021. The all time high for this statistic is 45. Our calculations also showed that CLVT isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).

In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's monthly stock picks returned 185.4% since March 2017 and outperformed the S&P 500 ETFs by more than 79 percentage points (see the details here). That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.