We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors.
Were Hedge Funds Right About Rogers Communications Inc. (RCI)?
The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the first quarter, which unveil their equity positions as of March 31st. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive review of these public filings is finally over, so this article is set to reveal the smart money sentiment towards Rogers Communications Inc. (NYSE:RCI).
Rogers Communications Inc. (NYSE:RCI) was in 18 hedge funds’ portfolios at the end of the first quarter of 2021. The all time high for this statistic is 23. RCI shareholders have witnessed an increase in enthusiasm from smart money of late. There were 15 hedge funds in our database with RCI holdings at the end of December. Our calculations also showed that RCI isn’t among the 30 most popular stocks among hedge funds (click