Blackhawk Network Holdings Inc (HAWK): What Smart Money Thinks about This Stock?

Page 2 of 2

With a general bullishness amongst the heavyweights, key hedge funds were leading the bulls’ herd. Ulysses Management, led by Joshua Nash, established the most valuable position in Blackhawk Network Holdings Inc (NASDAQ:HAWK). Ulysses Management had $6.5 million invested in the company at the end of the quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP also made a $4.7 million investment in the stock during the quarter. The following funds were also among the new HAWK investors: Nick Niell’s Arrowgrass Capital Partners, Israel Englander’s Millennium Management, and Seymour Sy Kaufman and Michael Stark’s Crosslink Capital.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Blackhawk Network Holdings Inc (NASDAQ:HAWK) but similarly valued. We will take a look at Invesco Mortgage Capital Inc (NYSE:IVR), Argo Group International Holdings, Ltd. (NASDAQ:AGII), AZZ Incorporated (NYSE:AZZ), and First Majestic Silver Corp (NYSE:AG). This group of stocks’ market caps are similar to HAWK’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
IVR 14 95331 0
AGII 13 101675 -5
AZZ 10 15821 1
AG 19 131473 9

As you can see these stocks had an average of 14 funds with bullish positions and the average amount invested in these stocks was $86 million, versus $328 million in HAWK’s case. First Majestic Silver Corp (NYSE:AG) is the most popular stock in this table. On the other hand AZZ Incorporated (NYSE:AZZ) is the least popular one with only 10 investors holding shares. Compared to these stocks Blackhawk Network Holdings Inc (NASDAQ:HAWK) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none

Page 2 of 2