Sprout social stock1/4/2023 ![]() (NASDAQ:SPT) has experienced falling interest from the aggregate hedge fund industry, we can see that there were a few hedge funds that elected to cut their entire stakes in the first quarter. General Equity Partners is also relatively very bullish on the stock, earmarking 11.3 percent of its 13F equity portfolio to SPT.īecause Sprout Social, Inc. (NASDAQ:SPT), around 19.99% of its 13F portfolio. In terms of the portfolio weights assigned to each position Greenspring Associates allocated the biggest weight to Sprout Social, Inc. ![]() Some other members of the smart money that hold long positions encompass Dennis Puri and Oliver Keller’s Hunt Lane Capital, Michael Blitzer’s Kingstown Capital Management and George McCabe’s Portolan Capital Management. On Greenspring Associates’s heels is General Equity Partners, managed by Andrew Bellas, which holds a $17.3 million position the fund has 11.3% of its 13F portfolio invested in the stock. (NASDAQ:SPT), worth close to $48.3 million, corresponding to 20% of its total 13F portfolio. Ashton Newhall and James Lim’s Greenspring Associates has the biggest position in Sprout Social, Inc. Of the funds tracked by Insider Monkey, C. With hedgies’ capital changing hands, there exists a select group of notable hedge fund managers who were adding to their holdings considerably (or already accumulated large positions). By comparison, 0 hedge funds held shares or bullish call options in SPT a year ago. (NASDAQ:SPT)?Īt Q1’s end, a total of 16 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -16% from one quarter earlier. What have hedge funds been doing with Sprout Social, Inc. Keeping this in mind let’s view the recent hedge fund action regarding Sprout Social, Inc. Our best call in 2020 was shorting the market when the S&P 500 was trading at 3150 in February after realizing the coronavirus pandemic’s significance before most investors. For example we are checking out stocks recommended/scorned by legendary Bill Miller. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. We interview hedge fund managers and ask them about their best ideas. So, we are checking out this futurist’s moonshot opportunities in tech stocks. ![]() For example, blockchain technology’s influence will go beyond online payments. ![]() That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.Īt Insider Monkey we scour multiple sources to uncover the next great investment idea. We have been tracking and sharing the list of these stocks since February 2017 and they lost 36% through May 18th. We were also able to identify in advance a select group of hedge fund holdings that’ll significantly underperform the market. 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 58 percentage points since March 2017 ( see the details here). Video: Watch our video about the top 5 most popular hedge fund stocks. Our calculations also showed that SPT isn’t among the 30 most popular stocks among hedge funds (click for Q1 rankings and see the video for a quick look at the top 5 stocks). There were 19 hedge funds in our database with SPT positions at the end of the previous quarter. SPT investors should pay attention to a decrease in hedge fund interest in recent months. (NASDAQ: SPT) was in 16 hedge funds’ portfolios at the end of the first quarter of 2020. ![]()
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