Hedge Funds Have Never Been This Bullish On Twilio Inc. (TWLO), See What Happened

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of December 31. The results of that effort will be put on display in this article, as we share valuable insight into the smart money sentiment towards Twilio Inc. (NYSE:TWLO).” data-reactid=”11″>After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms’ equity portfolios as of December 31. The results of that effort will be put on display in this article, as we share valuable insight into the smart money sentiment towards Twilio Inc. (NYSE:TWLO).

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Twilio Inc. (NYSE:TWLO) was in 46 hedge funds’ portfolios at the end of December. TWLO has experienced an increase in support from the world’s most elite money managers of late. There were 41 hedge funds in our database with TWLO holdings at the end of the previous quarter.&nbsp;Our calculations show that the overall hedge fund sentiment towards VAR is currently at its all time high.&nbsp;This is usually a bullish indicator.&nbsp;For example&nbsp;hedge fund sentiment in Xilinx Inc. (XLNX)&nbsp;was also at its all time high at the beginning of this year and the stock returned more than 46% in 2.5 months. We observed a similar performance from&nbsp;Progressive Corporation (PGR)&nbsp;which returned 27% and&nbsp;MSCI&nbsp;which returned 29%. Both stocks outperformed the S&amp;P 500 Index by 14 and 16 percentage points respectively. Hedge fund sentiment towards&nbsp;IQVIA Holdings Inc. (IQV),&nbsp;Brookfield Asset Management Inc. (BAM),&nbsp;Atlassian Corporation Plc (TEAM),&nbsp;RCL,&nbsp;MTB, VAR&nbsp;and&nbsp;CRH&nbsp;hit all time highs at the end of December, and all of these stocks returned more than 20% in the first 2.5 months of this year.” data-reactid=”12″>Twilio Inc. (NYSE:TWLO) was in 46 hedge funds’ portfolios at the end of December. TWLO has experienced an increase in support from the world’s most elite money managers of late. There were 41 hedge funds in our database with TWLO holdings at the end of the previous quarter. Our calculations show that the overall hedge fund sentiment towards VAR is currently at its all time high. This is usually a bullish indicator. For example hedge fund sentiment in Xilinx Inc. (XLNX) was also at its all time high at the beginning of this year and the stock returned more than 46% in 2.5 months. We observed a similar performance from Progressive Corporation (PGR) which returned 27% and MSCI which returned 29%. Both stocks outperformed the S&P 500 Index by 14 and 16 percentage points respectively. Hedge fund sentiment towards IQVIA Holdings Inc. (IQV), Brookfield Asset Management Inc. (BAM), Atlassian Corporation Plc (TEAM), RCL, MTB, VAR and CRH hit all time highs at the end of December, and all of these stocks returned more than 20% in the first 2.5 months of this year.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's flagship best performing hedge funds strategy returned 20.7% year to date (through March 12th) and outperformed the market even though it draws its stock picks among small-cap stocks. This strategy also outperformed the market by 32 percentage points since its inception (see the details here). That’s why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.” data-reactid=”13″>In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey’s flagship best performing hedge funds strategy returned 20.7% year to date (through March 12th) and outperformed the market even though it draws its stock picks among small-cap stocks. This strategy also outperformed the market by 32 percentage points since its inception (see the details here). That’s why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.

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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="We're going to take a peek at the new hedge fund action surrounding Twilio Inc. (NYSE:TWLO).” data-reactid=”25″>We’re going to take a peek at the new hedge fund action surrounding Twilio Inc. (NYSE:TWLO).

What does the smart money think about Twilio Inc. (NYSE:TWLO)?

Heading into the first quarter of 2019, a total of 46 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 12% from one quarter earlier. The graph below displays the number of hedge funds with bullish position in TWLO over the last 14 quarters. So, let’s check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Among these funds, Whale Rock Capital Management held the most valuable stake in Twilio Inc. (NYSE:TWLO), which was worth $219.8 million at the end of the third quarter. On the second spot was Foxhaven Asset Management which amassed $198.7 million worth of shares. Moreover, Renaissance Technologies, SCGE Management, and D E Shaw were also bullish on Twilio Inc. (NYSE:TWLO), allocating a large percentage of their portfolios to this stock.” data-reactid=”39″>Among these funds, Whale Rock Capital Management held the most valuable stake in Twilio Inc. (NYSE:TWLO), which was worth $219.8 million at the end of the third quarter. On the second spot was Foxhaven Asset Management which amassed $198.7 million worth of shares. Moreover, Renaissance Technologies, SCGE Management, and D E Shaw were also bullish on Twilio Inc. (NYSE:TWLO), allocating a large percentage of their portfolios to this stock.

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