Do Hedge Funds Love Investors Real Estate Trust (CSR)?


After several tireless days we have finished crunching the numbers from nearly 900 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 March 31st. The results of that effort will be put on display in this article, as we share valuable insight into the smart money sentiment towards Investors Real Estate Trust (NYSE:CSR).

Investors Real Estate Trust (NYSE:CSR) was in 5 hedge funds’ portfolios at the end of March. The all time high for this statistic is 7. CSR investors should be aware of a decrease in activity from the world’s largest hedge funds of late. There were 7 hedge funds in our database with CSR holdings at the end of December. Our calculations also showed that CSR isn’t among the 30 most popular stocks among hedge funds (click for Q1 rankings).

Why do we pay any attention at all to hedge fund sentiment? Our research has shown that a select group of hedge fund holdings outperformed the S&P 500 ETFs by 115 percentage points since March 2017 (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.

Dmitry Balyasny of Balyasny Asset Managemnet

Dmitry Balyasny of Balyasny Asset Managemnet

Dmitry Balyasny of Balyasny Asset Management

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, an activist hedge fund owns nearly 40% of this $23 biotech stock and is trying to buy the rest for around $50. So, we recommended a long position to our monthly premium newsletter subscribers. We go through lists like the 10 best battery stocks to pick the next Tesla that will deliver a 10x return. 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 read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. With all of this in mind we’re going to take a look at the key hedge fund action encompassing Investors Real Estate Trust (NYSE:CSR).

Do Hedge Funds Think CSR Is A Good Stock To Buy Now?

Heading into the second quarter of 2021, a total of 5 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -29% from the fourth quarter of 2020. By comparison, 0 hedge funds held shares or bullish call options in CSR a year ago. So, let’s review which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

More specifically, Renaissance Technologies was the largest shareholder of Investors Real Estate Trust (NYSE:CSR), with a stake worth $41.4 million reported as of the end of March. Trailing Renaissance Technologies was Balyasny Asset Management, which amassed a stake valued at $1.1 million. Citadel Investment Group, Citadel Investment…



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