HD Supply Holdings Inc (HDS): Hedge Funds Are Snapping Up

As aggregate interest increased, some big names were breaking ground themselves. Adage Capital Management, managed by Phill Gross and Robert Atchinson, assembled the biggest position in HD Supply Holdings Inc (NASDAQ:HDS). According to its latest quarterly report, the fund had $22.9 million invested in the company at the end of September. David Keidan’s Buckingham Capital Management also made a $20.8 million investment in the stock during the quarter. The other funds with new positions in the stock are Jacob Gottlieb’s Visium Asset Management, Paul Marshall and Ian Wace’s Marshall Wace LLP, and Michael Platt and William Reeves’s BlueCrest Capital Mgmt..

Let’s now take a look at hedge fund activity in other stocks similar to HD Supply Holdings Inc (NASDAQ:HDS). These stocks are Carlisle Companies, Inc. (NYSE:CSL), Marine Harvest ASA (NYSE:MHG), Leggett & Platt, Inc. (NYSE:LEG), and Brookfield Property Partners LP (NYSE:BPY). This group of stocks’ market valuations are similar to HDS’s market valuation.

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $81 million. Carlisle Companies, Inc. (NYSE:CSL) is the most popular stock in this table. On the other hand Marine Harvest ASA (NYSE:MHG) is the least popular one with only 4 bullish hedge fund positions. With 54 long hedge fund positions, HD Supply Holdings Inc (NASDAQ:HDS) clearly outshines the lot, having also attracted some $1.27 billion of the hedgies’ money. Taking it all into consideration, we believe it may be a good idea to analyze it in detail and potentially include it in your portfolio.