The largest stake in Marathon Petroleum Corp (NYSE:MPC) was held by Elliott Investment Management, which reported holding $638.6 million worth of stock at the end of June. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were adding to their holdings substantially (or already accumulated large positions). By comparison, 62 hedge funds held shares or bullish call options in MPC a year ago. Do Hedge Funds Think MPC Is A Good Stock To Buy Now?Īt second quarter’s end, a total of 48 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 4% from the first quarter of 2020. Now we’re going to take a glance at the latest hedge fund action regarding Marathon Petroleum Corp (NYSE: MPC). You can subscribe to our free daily newsletter on our homepage. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences.

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 go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. For example, billionaire John Paulson is loading up on the miners, so we are checking out stock pitches like this mining stock. You can download a sample issue of this newsletter on our website.Īt Insider Monkey, we scour multiple sources to uncover the next great investment idea. Also, our monthly newsletter’s portfolio of long stock picks returned 185.4% since March 2017 (through August 2021) and beat the S&P 500 Index by more than 79 percentage points. Our researchers have shown that, historically, those who follow the best picks of the elite hedge fund managers can outpace their index-focused peers by a solid margin ( see the details here). A pair of the most useful tools are hedge fund and insider trading signals. In today’s marketplace there are plenty of tools shareholders have at their disposal to analyze stocks. There were 46 hedge funds in our database with MPC holdings at the end of March. Our calculations also showed that MPC isn’t among the 30 most popular stocks among hedge funds (click for Q2 rankings). The all time high for this statistic is 72. Marathon Petroleum Corp (NYSE: MPC) was in 48 hedge funds’ portfolios at the end of June. The number of long hedge fund positions increased by 2 lately. Is Marathon Petroleum Corp (NYSE: MPC) worth your attention right now? Hedge funds were turning bullish.

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