![]() Remaining hedge funds and institutional investors that hold long positions contain Ken Griffin’s Citadel Investment Group, Renaissance Technologies and Carl Tiedemann and Michael Tiedemann’s TIG Advisors. Coming in second is Israel Englander of Millennium Management, with a $393.7 million position the fund has 0.3% of its 13F portfolio invested in the stock. Pentwater Capital Management has a $764.8 million position in the stock, comprising 9.2% of its 13F portfolio. When looking at the institutional investors followed by Insider Monkey, Pentwater Capital Management, managed by Matthew Halbower, holds the largest position in Slack Technologies Inc (NYSE:WORK). So, let’s see which hedge funds were among the top holders of the stock and which hedge funds were making big moves. The graph below displays the number of hedge funds with bullish position in WORK over the last 22 quarters. Do Hedge Funds Think WORK Is A Good Stock To Buy Now?Īt the end of December, a total of 66 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 230% from the third quarter of 2020. You can subscribe to our free daily newsletter on our homepage (or at the end of this article). Now we’re going to take a look at the new hedge fund action regarding Slack Technologies Inc (NYSE: WORK). We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We go through lists like the 10 best cheap stocks to buy now to pick the next Tesla that will deliver a 10x return. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We believe this will lead to inflation and boost real estate prices. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. At Insider Monkey we leave no stone unturned when looking for the next great investment idea.
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