Do Hedge Funds Think BIDU Is A Good Stock To Buy Now?
At the end of the first quarter, a total of 89 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 75% from one quarter earlier. Below, you can check out the change in hedge fund sentiment towards BIDU over the last 23 quarters. With hedgies' capital changing hands, there exists an "upper tier" of notable hedge fund managers who were upping their stakes significantly (or already accumulated large positions).
Is BIDU A Good Stock To Buy?
The largest stake in Baidu, Inc. (NASDAQ:BIDU) was held by ARK Investment Management, which reported holding $1115.5 million worth of stock at the end of December. It was followed by Renaissance Technologies with a $697.2 million position. Other investors bullish on the company included D E Shaw, Citadel Investment Group, and Ariel Investments. In terms of the portfolio weights assigned to each position Kayak Investment Partners allocated the biggest weight to Baidu, Inc. (NASDAQ:BIDU), around 8.96% of its 13F portfolio. Keywise Capital Management is also relatively very bullish on the stock, dishing out 8.66 percent of its 13F equity portfolio to BIDU.
As one would reasonably expect, specific money managers have jumped into Baidu, Inc. (NASDAQ:BIDU) headfirst. D E Shaw, managed by D. E. Shaw, established the largest position in Baidu, Inc. (NASDAQ:BIDU). D E Shaw had $626.9 million invested in the company at the end of the quarter. Benjamin A. Smith's Laurion Capital Management also made a $231.6 million investment in the stock during the quarter. The other funds with brand new BIDU positions are Chris Rokos's Rokos Capital Management, Karthik Sarma's SRS Investment Management, and Josh Resnick's Jericho Capital Asset Management.
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