In terms of the portfolio weights assigned to each position Akre Capital Management allocated the biggest weight to American Tower Corporation (REIT) (NYSE:AMT), around 15.14% of its 13F portfolio. Other investors bullish on the company included Zimmer Partners, Renaissance Technologies, and Citadel Investment Group. It was followed by Cantillon Capital Management with a $478.4 million position. The largest stake in American Tower Corporation (REIT) (NYSE:AMT) was held by Akre Capital Management, which reported holding $1651.5 million worth of stock at the end of September. So, let’s review which hedge funds were among the top holders of the stock and which hedge funds were making big moves. By comparison, 41 hedge funds held shares or bullish call options in AMT a year ago. What does smart money think about American Tower Corporation (REIT) (NYSE:AMT)?Īt the end of the fourth quarter, a total of 46 of the hedge funds tracked by Insider Monkey were long this stock, a change of -12% from the previous quarter. With all of this in mind we’re going to check out the recent hedge fund action surrounding American Tower Corporation (REIT) (NYSE: AMT). In January, we recommended a long position in one of the most shorted stocks in the market, and that stock returned more than 50% despite the large losses in the market since our recommendation. We even check out the recommendations of services with hard to believe track records. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences, and and go through short-term trade recommendations like this one. For example Europe is set to become the world’s largest cannabis market, so we check out this European marijuana stock pitch. We leave no stone unturned when looking for the next great investment idea. William Von Mueffling of Cantillon Capital Management Video: Click the image to watch our video about the top 5 most popular hedge fund stocks.
Our calculations also showed that AMT isn’t among the 30 most popular stocks among hedge funds (click for Q4 rankings and see the video below for Q3 rankings). The number of bullish hedge fund positions went down by 6 lately. Is American Tower Corporation (REIT) (NYSE: AMT) a safe investment right now? The smart money is in a pessimistic mood. Our extensive review of these public filings is finally over, so this article is set to reveal the smart money sentiment towards American Tower Corporation (REIT) (NYSE: AMT). We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the fourth quarter, which unveil their equity positions as of December 31. In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going.
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