Hedge funds have never been so bullish on Square, Inc. (SQ)

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "On thousands of shares traded currently on hedge funds and institutional investors spend millions of dollars on MBA and PhD analysts, who are industry experts and well connected to other sectors and media.Individual investors can adapt to hedge funds that use these talents and can thus benefit from their vast resources and knowledge.We analyze the 13F quarterly statements of nearly 750 hedge funds and, by examining the smart money feeling If we can determine whether an action has the potential to beat the market In the long term, let's take a closer look at what smart money thinks from & Square, Inc. (NYSE:SQ). "data-reactid =" 11 "> Among the thousands of stocks currently traded in the market, it's hard to identify which ones will generate strong returns.Hedge Funds and Institutional Investors Spend Millions of Dollars in analysts with an MBA and PhDs, who are industry experts and well connected to other industry and media specialists.We analyze the quarterly 13F deposits of hedge funds that employ these talents and thus take advantage of their vast resources and knowledge, close to 750 hedge funds and, by examining the sense of smart money that surrounds a stock, we can determine if it has the potential to outperform the market in the long run. (NYSE: SQ).

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Is Square, Inc. (NYSE:SQ) a great investment right now? Hedge funds are becoming more confident. The number of long positions on hedge funds has increased by 15 recently. Our calculations also showed that sq is not among the 30 most popular hedge fund stocks. "data-reactid =" 12 "> East Square, Inc. (NYSE: SQ) a great investment right now? Hedge funds are becoming more confident. The number of long positions on hedge funds has increased by 15 recently. Our calculations also showed that sq is not among the 30 most popular stocks among hedge funds.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Why do we pay so much attention to the cover Our study has showed that large-cap stocks in hedge funds did not actually beat the market between 1999 and 2016. However, we were able to identify in advance a select group of hedge funds that outperformed the hedge fund market. 40% points since May 2014 until May 30, 2019 (see the details here). We have also been able to identify in advance a selected group of hedge fund portfolios that would be significantly less efficient than the market. We have been tracking and sharing the list of these shares since February 2017 and they have lost 30.9% up to May 30, 2019. That is why we think that the hedge fund sentiment is an extremely useful indicator that the investors should pay attention. "Data-reactid =" 13 "> Why do not we pay the slightest attention to hedge fund sentiment? Our study showed that hedge fund large-cap stocks did not beat the market between 1999 and 2016. However, we were able to identify a select group of hedge fund portfolios that outperformed the market by 40 percentage points between May 2014 and May 30, 2019. We were also able to identify a select group of hedge funds in advance. funds that will significantly underperform We have been tracking and sharing the list of these stocks since February 2017, which lost 30.9% by May 30, 2019. That's why we think hedge fund sentiment is an indicator extremely useful for investors to pay attention to.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Let's review the new hedge fund action around Square , Inc. (NYSE:SQ). "data-reactid =" 34 "> Let's review the new hedge fund action around Square, Inc. (NYSE: SQ).

What does Square's smart money think (NYSE: SQ)?

As the second quarter of 2019 approached, 50 of the hedge funds monitored by Insider Monkey were long securities, a 43% change from the previous quarter. In addition, 31 hedge funds in total had a bullish position in the SQ a year ago. With the capital of smart money changing hands, there is a "higher level" of hedge fund managers that add significantly to their holdings (or have already accumulated significant positions).

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Of these funds, D E Shaw held the most valuable interest in Square, Inc. (NYSE: SQ), valued at $ 373.6 million at the end of the first quarter. Whale Rock Capital Management raised $ 167.5 million worth of shares. In addition, Matrix Capital Management, Citadel Investment Group and Jericho Capital Asset Management were also bullish on Square, Inc. (NYSE: SQ), allocating a high percentage of their portfolios as such. "Data-reactid =" 57 "> DE Shaw had the largest stake in Square, Inc. (NYSE: SQ), which was $ 373.6 million at the end of the first quarter, followed by Whale Rock Capital Management, which was $ 167.5 million In addition, Matrix Capital Management, Citadel Investment Group and Jericho Capital Asset Management were also bullish on Square, Inc. (NYSE: SQ), allocating a high percentage of their portfolios to these actions.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "While the overall interest was increasing, managers Specific funds have surged in Square, Inc. (NYSE: SQ) head first. Jericho Capital Asset Management, led by Josh Resnick, initiated the largest position in Square, Inc. (NYSE: SQ). Jericho Capital Asset Management had invested $ 122.8 million in the company at the end of the quarter. Alexander Mitchell & # 39; s Scopus Asset Management also opened a position of $ 33.7 million during the quarter. The following funds were also among the new SQ investors: Benjamin A. Smith & # 39; s Laurion Capital ManagementBrandon Haley Holocene Counselorsand Seth Wunder Black and white capital. "data-reactid =" 58 "> As global interest increased, specific fund managers stormed Square, Inc. (NYSE: SQ) Jericho Capital Asset Management, managed by Josh Resnick , created the largest position of Square, Inc. (NYSE: SQ) Jericho Capital Asset Management had invested $ 122.8 million in the company at the end of the quarter and Alexander Mitchell's Scopus Asset Management also initiated a position of The following funds were also among the new investors of Benjamin A. Smith's SQ Laurion Capital Management, Brandon Haley's Holocene advisers and Seth Wunder's black and white capital.

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