These Hedge Funds Had Impeccable Timing Buying Teekay Tankers Ltd. (TNK)

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We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat the S&P 500 ETFs by 14 percentage points. Investing in index funds guarantees you average returns, not superior returns. We are looking to generate superior returns for our readers. That’s why we believe it isn’t a waste of time to check out hedge fund sentiment before you invest in a stock like Teekay Tankers Ltd. (NYSE:TNK).

Teekay Tankers Ltd. (NYSE:TNK) was in 18 hedge funds’ portfolios at the end of the third quarter of 2019. TNK investors should be aware of an increase in activity from the world’s largest hedge funds in recent months. There were 12 hedge funds in our database with TNK positions…

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