The Fintel Fund Flows shows the securities that the Fintel investing panel is most accumulating or most divesting. We present the total share of the fund flows dedicated to each security. To calculate this, we look at the total value of the transactions for each security and divide by the total volume of transactions. The time period for the fund flows is the last seven days.
Q1 2022 hedge fund letters, conferences and more
Top 5 Purchased Securities This Week:
1. Henry Schein, Inc. (NASDAQ:HSIC)
- HSIC gained +1% this week adding to the year to date gain of +18% as the stock continues to edge higher
- The stock started the current bull run following the release of fourth quarter earnings on Feb 15th. The result came in above consensus estimates along with guidance that also beat forecasts.
- On the 4th of April, Michael Ettinger was appointed as Chief Operating Officer
1. Zendesk Inc (NYSE:ZEN)
- ZEN has gained +2.2% this week, bringing the total year to date gain upto +20.90%.
- The stock is still down -15.4% over the past year but has started to gain momentum since the release of Q4 earnings and speculation about being a possible takeover target.
- The stock has seen many headlines this year with its proposed acquisition of Momentive that went sour after various institutional shareholders voiced their concerns.
1. United States Natural Gas Fund, LP (NYSEARCA:UNG)
- UNG rallied +15.9% this week bringing tis year to date gain upto a whopping +100.5%
- UNG has a Fintel momentum score of 66.78 based on the last 6 months
- Natural Gas stocks have extended their gains this year following the Ukraine/Russia conflict that has seen energy prices skyrocket
1. SPDR S&P 500 ETF Trust (NYSEARCA:SPY)
- The S&P 500 ETF has seen strong buying this week as the index has fallen -5% since the beginning of April
1. EQT Corporation (NYSE:EQT)
- EQT rose 10.6% this week bringing the year to date rally to a whopping +94.13%.
- During April the stock was upgraded to ‘buy’ from ‘hold’ at Tudor Pickering Holt with a bullish $58 target and was transferred coverage with a ‘buy’ rating at Goldman Sachs
- The stock has mounted an impressive run since the beginning of the year and has a Fintel momentum score of 97.06
- The stock also has a Fintel short squeeze score of 71.07 with ~5% of the float currently shorted
Top 5 Sold Securities This Week:
1. Plug Power Inc (NASDAQ:PLUG)
- PLUG drifted -1% lower over the past week and has fallen -10.5% since the beginning of the year. When looking on a 1 year view, the stock is relatively flat
- PLUG reported Q4 results at the beginning of March with sales that beat consensus with a wider than expected loss.
- While the stock price has been relatively stagnant over the last year, we have observed institutional ownership rise significantly since the end of December 2019. You can find more here on this.
1. Twitter Inc (NYSE:TWTR)
- TWTR has fallen -2% this week with a few volatile swings and is up +5.7% year to date. The stock is down -33.7% over the past year.
- TWTR has been in the spotlight this week with a hostile takeover attempt by Tesla CEO, Elon Musk. The Board adopted a shareholder rights plan in an attempt to hold off the bid.
- The NY Post recently reported that Elon Musk is now seeking partners for his Twitter bid
1. AT&T Inc. (NYSE:T)
- T jumped +7.2% this week but is flat with a 1.8% gain year to date. The stock has fallen -13.7% over the past year and is down -35.2% over 5 years.
- The stock pays a strong 5.7% dividend yield
- During April, JP Morgan resumed coverage with an overweight rating and a $22 target
- The firm provided a strategy update post the WarnerMedia spin-off in early March
- The stock trades on a cheap PE Ratio (TTM) valuation of 7.08 currently
1. Peabody Energy Corporation (NYSE:BTU)
- BTU rallied +19.4% this week building the annual gain up to +187%. The stock is up +743% over the last year
- BTU has a Fintel ownership accumulation score of 83.97
- Although the stock has seen large gains, it continues to trade on a 10.11x PE Ratio (TTM)
- The stock continues to see sector tailwinds from pent up natural gas demand around the globe
- Analyst consensus estimates currently sit at an average ‘overweight’ rating with a target of $24.80, implying -23.8% capital downside to the stock price.
1. MicroSectors U S Big Oil Index 3X Leveraged ETN (NYSEARCA:NRGU)
- The NRGU ETF has fallen -2.57% this week but has returned +158% since the beginning of 2022 and +278.7% over the past year
Top 10 most widely held stocks this week:
The Fintel Retail Ownership shows the most popular securities held by Fintel users that have linked their broker accounts. This list is based on actual ownership records from broker accounts.
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Article by Ben Ward, Fintel
Updated on
