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Columbia Pipeline Group Inc (CPGX) Hedge Funds Are Snapping Up

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We, at Insider Monkey, have gone over 700 13F filings that hedge funds and prominent investors are required to file by the government. The 13F filings show the funds’ and investors’ portfolio positions as of September 30. In this article, we look at what those funds think of Columbia Pipeline Group Inc (NYSE:CPGX) based on that data.

Columbia Pipeline Group Inc (NYSE:CPGX)  has seen an increase in activity from the world’s largest hedge funds lately. At the end of this article, we will also compare Columbia Pipeline Group Inc (NYSE:CPGX) to other stocks, including Lamar Advertising Co (NASDAQ:LAMR), A. O. Smith Corporation (NYSE:AOS), and Apartment Investment and Management Co. (NYSE:AIV) to get a better sense of its popularity.

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With all of this in mind, we’re going to take a glance at the key action encompassing Columbia Pipeline Group Inc (NYSE:CPGX).

What does the smart money think about Columbia Pipeline Group Inc (NYSE:CPGX)?

At the end of Q3, a total of 25 of the hedge funds tracked by Insider Monkey were bullish on this stock, an increase of 733% from the previous quarter. With the smart money’s capital changing hands, there exists a few key hedge fund managers who were boosting their stakes substantially (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Hitchwood Capital Management, managed by James Crichton, holds the most valuable position in Columbia Pipeline Group Inc (NYSE:CPGX). Hitchwood Capital Management has a $91.5 million position in the stock, comprising 3.2% of its 13F portfolio. Sitting at the No. 2 spot is D E Shaw, holding a $49.5 million position; 0.1% of its 13F portfolio is allocated to the stock. Remaining professional money managers that are bullish comprise Renaissance Technologies, Stuart J. Zimmer’s Zimmer Partners, and Ken Griffin’s Citadel Investment Group.

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