According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Royce & Associates, managed by Chuck Royce, holds the most valuable position in National Instruments Corporation (NASDAQ:NATI). Royce & Associates has a $70.8 million position in the stock, comprising 0.7% of its 13F portfolio. Coming in second is Brian Bares of Bares Capital Management, with a $59.2 million position; 1.8% of its 13F portfolio is allocated to the company. Some other hedge funds and institutional investors that hold long positions encompass Kevin Oram and Peter Uddo's Praesidium Investment Management, Peter Rathjens, Bruce Clarke and John Campbell's Arrowstreet Capital and David E. Shaw's D E Shaw. In terms of the portfolio weights assigned to each position Praesidium Investment Management allocated the biggest weight to National Instruments Corporation (NASDAQ:NATI), around 3.22% of its 13F portfolio. Bares Capital Management is also relatively very bullish on the stock, designating 1.78 percent of its 13F equity portfolio to NATI.
Due to the fact that National Instruments Corporation (NASDAQ:NATI) has experienced bearish sentiment from the smart money, we can see that there was a specific group of hedge funds that elected to cut their full holdings last quarter. At the top of the heap, Renaissance Technologies sold off the largest position of the 750 funds monitored by Insider Monkey, totaling close to $9.8 million in stock, and Paul Marshall and Ian Wace's Marshall Wace was right behind this move, as the fund said goodbye to about $5.3 million worth. These moves are important to note, as total hedge fund interest stayed the same (this is a bearish signal in our experience).
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