Clearwater Paper Corp (CLW) Hedge Funds Are Snapping Up

With a general bullishness amongst the heavyweights, key money managers have jumped into Clearwater Paper Corp (NYSE:CLW) headfirst. HBK Investments, led by David Costen Haley, created the most outsized position in Clearwater Paper Corp (NYSE:CLW). HBK Investments had $0.8 million invested in the company at the end of the quarter. Matthew Tewksbury’s Stevens Capital Management also initiated a $0.4 million position during the quarter. The following funds were also among the new CLW investors: Robert B. Gillam’s McKinley Capital Management and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Clearwater Paper Corp (NYSE:CLW) but similarly valued. We will take a look at Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS), Analogic Corporation (NASDAQ:ALOG), McEwen Mining Inc (NYSE:MUX), and NuStar GP Holdings, LLC (NYSE:NSH). This group of stocks’ market values resemble CLW’s market value.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $53 million. That figure was $41 million in CLW’s case. Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS) is the most popular stock in this table. On the other hand NuStar GP Holdings, LLC (NYSE:NSH) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Clearwater Paper Corp (NYSE:CLW) 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