Here's what hedge funds think of Tableau Software Inc (DATA)

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "While the market was dictated by short-term sentiment Given the interest rate situation in the United States, rising oil prices and optimism over the resolution of the trade war with China, many smart money investors have kept their cautious approach with respect to the current uptrend in the first quarter As we know, large investors generally buy stocks with strong fundamentals, which is why we believe we can take advantage of their imitation. examine the smart money sentiment that reigns around Tableau Software Inc. (NYSE:THE DATA). "data-reactid =" 11 "> While the market was driven by short-term sentiment, influenced by accommodative exchange rates in the United States, rising oil prices and the optimism sparked by the resolution of the trade war with China, many smart money investors have kept their cautious approach vis-à-vis the current uptrend in the first quarter and the coverage or reduction of their long positions.However, as we the We know that large investors generally buy stocks with strong fundamentals, which is why we believe we can take advantage of their imitation.In this article, we will examine the sense of smart money that surrounds Tableau Software Inc. (NYSE: DATA).

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tableau Software Inc (NYSE:THE DATA) was in 44 hedge fund portfolios at the end of March. DATA shareholders have witnessed a recent increase in hedge fund interest. Our database contained 36 hedge funds with DATA positions at the end of the previous quarter. Our calculations also showed that the data are not part of 30 most popular hedge fund stocks"data-reactid =" 12 ">Tableau Software Inc (NYSE: DATA) was in 44 hedge fund portfolios at the end of March. DATA shareholders have witnessed a recent increase in hedge fund interest. Our database contained 36 hedge funds with DATA positions at the end of the previous quarter. Our calculations also show that data are not among the 30 most popular hedge fund stocks.

<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.

Michael Lowenstein of Kensico Capital

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<p class = "canvas-atom-text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Let's look at the new hedge fund action surrounding Tableau Software Inc. (NYSE:THE DATA). "data-reactid =" 35 "> Let's look at the new hedge fund action for Tableau Software Inc. (NYSE: DATA).

How did hedgies negotiate Tableau Software Inc (NYSE: DATA)?

At the end of the first quarter, 44 of the hedge funds monitored by Insider Monkey were optimistic about this title, a 22% change from the previous quarter. In contrast, a year ago, 32 hedge funds posted a bullish position in DATA. As the capital of smart money changes hands, there is a "superior level" of outstanding hedge fund managers that have significantly increased their holdings (or have already accumulated large 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, Matrix Capital Management held the most valuable interest in Tableau Software Inc. (NYSE: DATA), which was $ 486.8 million at the end of the first quarter. Altimeter Capital Management raised $ 415.8 million worth of shares. In addition, Coatue Management, Kensico Capital and HMI Capital were also optimistic about Tableau Software Inc. (NYSE: DATA), allocating a high percentage of their portfolios as such. Among the funds, Matrix Capital Management had the most valuable investment in Tableau Software Inc. (NYSE: DATA), which stood at $ 486.8 million at the end of the first quarter. followed by Altimeter Capital Management, which had $ 415.8 million in shares, while Kensico Capital and HMI Capital were also optimistic about Tableau Software Inc. (NYSE: DATA), allocating a high percentage of their portfolios.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "While the interest of the industry was growing, some big names broke were melted. Duquesne Capital, managed by Stanley Druckenmiller, created the largest position in Tableau Software Inc. (NYSE: DATA). Duquesne Capital invested $ 23.3 million in the company at the end of the quarter. Seth Wunder & # 39; s Black and white capital also invested $ 19.1 million in equities during the quarter. The following funds were also part of DATA's new investors: Jay Genzer Thames Capital ManagementMatthew Hulsizer PEAK6 Capital Managementand Seth Wunder Black and white capital. "data-reactid =" 59 "> Faced with the rise of the industry, some big names have themselves innovated Duquesne Capital, led by Stanley Druckenmiller, has created the largest position in Tableau Software Inc. ( NYSE: DATA) Duquesne Capital had $ 23.3 million Black-and-White Capital, of Seth Wunder, also invested $ 19.1 million in the stock during the quarter, among DATA's new investors: Thames Capital Management, Jay Genzer, Thames Capital Management Hulsizer's PEAK6 Capital Management and Seth Wunder's Black & White Capital.

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