Do Hedge Funds Love Fiserv, Inc. (FISV)?

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Seeing as Fiserv, Inc. (NASDAQ:FISV) has experienced declining sentiment from the entirety of the hedge funds we track, logic holds that there is a sect of hedge funds that slashed their positions entirely in the third quarter. It’s worth mentioning that Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners dumped the biggest investment of the 700 funds watched by Insider Monkey, worth close to $1.7 million in call options. Glenn Russell Dubin’s fund, Highbridge Capital Management, also said goodbye to its call options, about $1.5 million worth. These transactions are important to note, as aggregate hedge fund interest fell by 1 funds in the third quarter.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Fiserv, Inc. (NASDAQ:FISV) but similarly valued. We will take a look at Aviva Plc (ADR) (NYSE:AV), NXP Semiconductors NV (NASDAQ:NXPI), The Hershey Company (NYSE:HSY), and United Continental Holdings Inc (NYSE:UAL). This group of stocks’ market caps are closest to FISV’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
AV 7 3969 -1
NXPI 59 3188631 -10
HSY 18 456777 -6
UAL 70 2974145 -2

As you can see these stocks had an average of 38.5 hedge funds with bullish positions and the average amount invested in these stocks was $1656 million. That figure was $361 million in FISV’s case. United Continental Holdings Inc (NYSE:UAL) is the most popular stock in this table. On the other hand Aviva Plc (ADR) (NYSE:AV) is the least popular one with only 7 bullish hedge fund positions. Fiserv, Inc. (NASDAQ:FISV) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard UAL might be a better candidate to consider a long position.

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