Hedge Funds Have Never Been This Bullish On AGCO Corporation (AGCO)

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the fourth quarter. You can find articles about an individual hedge fund’s trades on numerous financial news websites. However, in this article we will take a look at their collective moves over the last 5 years and analyze what the smart money thinks of AGCO Corporation (NYSE:AGCO) based on that data.

AGCO Corporation was in 40 hedge funds’ portfolios at the end of December. The all-time high for this statistic was previously 32. This means the bullish number of hedge fund positions in this stock currently sits at its all-time high. AGCO shareholders have witnessed an increase in hedge fund sentiment lately. There were 31 hedge funds in our database with AGCO holdings at the end of September. Our calculations also showed that AGCO isn’t among the 30 most popular stocks among hedge funds (click for Q4 rankings).

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 124 percentage points since March 2017 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that’ll significantly underperform the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 17th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to

Do Hedge Funds Think AGCO Is A Good Stock To Buy Now?

At Q4’s end, a total of 40 of the hedge funds tracked by Insider Monkey were long this stock, a change of 29% from the third quarter of 2020. The graph below displays the number of hedge funds with bullish position in AGCO over the last 22 quarters. With hedge funds’ sentiment swirling, there exists a select group of notable hedge fund managers who were adding to their stakes considerably (or already accumulated large positions).

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