Intriguingly, Matthew Stadelman’s Diamond Hill Capital sold off the largest stake of the 750 funds monitored by Insider Monkey, totaling an estimated $571.1 million in stock.
#MDT NYSE FULL#
Tri Locum Partners is also relatively very bullish on the stock, dishing out 5.18 percent of its 13F equity portfolio to MDT.īecause Medtronic plc (NYSE:MDT) has witnessed a decline in interest from the entirety of the hedge funds we track, we can see that there is a sect of hedgies that slashed their full holdings in the third quarter. In terms of the portfolio weights assigned to each position Tamarack Capital Management allocated the biggest weight to Medtronic plc (NYSE:MDT), around 7.92% of its 13F portfolio.
Other investors bullish on the company included AQR Capital Management, Adage Capital Management, and D E Shaw. It was followed by Fisher Asset Management with a $304.7 million position. The largest stake in Medtronic plc (NYSE:MDT) was held by Two Sigma Advisors, which reported holding $373.5 million worth of stock at the end of September. With the smart money’s capital changing hands, there exists a few key hedge fund managers who were boosting their holdings meaningfully (or already accumulated large positions). By comparison, 62 hedge funds held shares or bullish call options in MDT a year ago.
At Q3’s end, a total of 62 of the hedge funds tracked by Insider Monkey were long this stock, a change of -9% from the previous quarter.