4/3/2023 0 Comments Lightspeed pos stockView table here if you experience formatting issues.Īs you can see these stocks had an average of 25.9 hedge funds with bullish positions and the average amount invested in these stocks was $644 million. This group of stocks' market valuations are closest to LSPD's market valuation. (NYSE: PII), Ares Capital Corporation (NASDAQ: ARCC), and CyrusOne Inc (NASDAQ: CONE). These stocks are Berry Global Group Inc (NYSE: BERY), Globant SA (NYSE: GLOB), Acceleron Pharma Inc (NASDAQ: XLRN), Beyond Meat, Inc. Let's now take a look at hedge fund activity in other stocks similar to Lightspeed POS Inc. The following funds were also among the new LSPD investors: Ben Levine, Andrew Manuel and Stefan Renold's LMR Partners, Michael Gelband's ExodusPoint Capital, and Ryan Tolkin (CIO)'s Schonfeld Strategic Advisors. Usman Waheed's Strycker View Capital also initiated a $6.9 million position during the quarter. Shannon River Fund Management had $19.4 million invested in the company at the end of the quarter. Waxman, created the biggest position in Lightspeed POS Inc. Shannon River Fund Management, managed by Spencer M. Now, key money managers were leading the bulls' herd. BlueMar Capital Management is also relatively very bullish on the stock, setting aside 4.07 percent of its 13F equity portfolio to LSPD. (NYSE:LSPD), around 4.42% of its 13F portfolio. In terms of the portfolio weights assigned to each position Strycker View Capital allocated the biggest weight to Lightspeed POS Inc. Adage Capital Management, Citadel Investment Group, and Coatue Management were also very fond of the stock, becoming one of the largest hedge fund holders of the company. On the second spot was Echo Street Capital Management which amassed $105.7 million worth of shares. (NYSE:LSPD), which was worth $246.9 million at the end of the fourth quarter. So, let's find out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.Īmong these funds, Vista Equity Partners held the most valuable stake in Lightspeed POS Inc. Below, you can check out the change in hedge fund sentiment towards LSPD over the last 23 quarters. Do Hedge Funds Think LSPD Is A Good Stock To Buy Now?Īt the end of the first quarter, a total of 21 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 5% from the fourth quarter of 2020. Now we're going to analyze the key hedge fund action encompassing Lightspeed POS Inc. You can subscribe to our free daily newsletter on our homepage. 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 battery stocks to pick the next Tesla that will deliver a 10x return. So, we are checking out this under the radar stock that will benefit from this. For example, Chuck Schumer recently stated that marijuana legalization will be a Senate priority. There were 20 hedge funds in our database with LSPD holdings at the end of December.Īt Insider Monkey, we scour multiple sources to uncover the next great investment idea. Our calculations also showed that LSPD isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings). This means the bullish number of hedge fund positions in this stock currently sits at its all time high. The all time high for this statistic was previously 20. (NYSE: LSPD) was in 21 hedge funds' portfolios at the end of March. The number of long hedge fund positions improved by 1 recently. (NYSE: LSPD) worth your attention right now? The smart money was in an optimistic mood. (NYSE: LSPD) for your portfolio? We'll look to this invaluable collective wisdom for the answer. We have processed the filings of the more than 866 world-class investment firms that we track and now have access to the collective wisdom contained in these filings, which are based on their March 31st holdings, data that is available nowhere else. The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data.
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