The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 823 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 June 30th, when the S&P 500 Index was trading around the 3100 level. Stocks kept going up since then. In this article we look at how hedge funds traded Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) and determine whether the smart money was really smart about this stock.
Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) was in 19 hedge funds’ portfolios at the end of June. The all time high for this statistics is 21. RCKT has seen an increase in hedge fund interest in recent months. There were 15 hedge funds in our database with RCKT positions at the end of the first quarter. Our calculations also showed that RCKT isn’t among the 30 most popular stocks among hedge funds (click for Q2 rankings and see the video for a quick look at the top 5 stocks). Video: Watch our video about the top 5 most popular hedge fund stocks.
In the financial world there are many signals stock market investors use to grade stocks. A duo of the less utilized signals are hedge fund and insider trading sentiment. Our researchers have shown that, historically, those who follow the best picks of the elite investment managers can trounce the market by a solid margin (see the details here).
Samuel Isaly of OrbiMed Advisors
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of