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The FTSE 100 hasn’t had a reputation for outstanding returns recently. But recent 13F filings indicate that high-powered hedge funds have been opportunities in the UK.
By itself, this isn’t a reason to buy (or sell) a stock. But looking at what the smart money has been doing can be a source of ideas that might be worth a closer look.
Ashtead
Dodge & Cox is a value-focused investment operation. And during Q3, the firm bought around 2.3m shares of industrial equipment leasing company Ashtead (LSE:AHT).
So far, that move has worked out very nicely – the stock is up 7.5% since the end of September. The main reason for this is the outcome of the US election.
Over 85% of the company’s revenues come from across the Atlantic. That kind of geographic focus can be a risk, but strong US industrial activity could be a big boost for the FTSE 100 firm.
Demand for industrial…
