With the third-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the fourth quarter. One of these stocks was Boulder Brands Inc (NASDAQ:BDBD).
Boulder Brands Inc (NASDAQ:BDBD) shares haven’t seen a lot of action during the third quarter. Overall, hedge fund sentiment was unchanged. The stock was in 17 hedge funds’ portfolios at the end of September. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article, we will examine companies such as Enterprise Financial Services Corp (NASDAQ:EFSC), Cowen Group, Inc. (NASDAQ:COWN), and Tower International Inc (NYSE:TOWR) to gather more data points.
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With all of this in mind, let’s check out the fresh action regarding Boulder Brands Inc (NASDAQ:BDBD).
Hedge fund activity in Boulder Brands Inc (NASDAQ:BDBD)
At the end of Q3, a total of 17 of the hedge funds tracked by Insider Monkey held long positions in this stock, unchanged from the previous quarter. With the smart money’s sentiment swirling, there exists a select group of noteworthy hedge fund managers who were upping their holdings meaningfully (or already accumulated large positions).
Of the funds tracked by Insider Monkey, Adage Capital Management, managed by Phill Gross and Robert Atchinson, holds the number one position in Boulder Brands Inc (NASDAQ:BDBD). Adage Capital Management has a $50 million position in the stock, comprising 0.1% of its 13F portfolio. Sitting at the No. 2 spot is Glenn W. Welling of Engaged Capital, with an $47.8 million position; 27.4% of its 13F portfolio is allocated to the company. Some other members of the smart money with similar optimism comprise Anand Parekh’s Alyeska Investment Group, Mario Gabelli’s GAMCO Investors, and Michael Barnes and Arif Inayatullah’s Tricadia Capital Management.