Hedge Funds Are Betting On Liberty Media Corp (LMCK)

With a general bullishness amongst the heavyweights, specific money managers have been driving this bullishness. Arlington Value Capital, managed by Allan Mecham and Ben Raybould, created the biggest position in Liberty Media Corp (NASDAQ:LMCK). According to its latest 13F filing, the fund had $8.7 million invested in the company at the end of the quarter. Shane Finemore’s Manikay Partners also made an $8.6 million investment in the stock during the quarter. The other funds with new positions in the stock are Michael Platt and William Reeves’s BlueCrest Capital Mgmt., Steven Owsley’s Madison Street Partners, and Michael Hintze’s CQS Cayman LP.

Let’s go over hedge fund activity in other stocks similar to Liberty Media Corp (NASDAQ:LMCK). These stocks are Whirlpool Corporation (NYSE:WHR), Equifax Inc. (NYSE:EFX), Tata Motors Limited (ADR) (NYSE:TTM), and Tractor Supply Company (NASDAQ:TSCO). This group of stocks’ market values are closest to LMCK’s market value.

As you can see these stocks had an average of 31 hedge funds with bullish positions and the average amount invested in these stocks was $744 million. That figure was $1.94 billion in LMCK’s case. Whirlpool Corporation (NYSE:WHR) is the most popular stock in this table. On the other hand Tata Motors Limited (ADR) (NYSE:TTM) is the least popular one with only 22 bullish hedge fund positions. Compared to these stocks, Liberty Media Corp (NASDAQ:LMCK) is more popular among hedge funds and it has attracted more of the hedgies’ money. It is also important to note the presence of the legendary Warren Buffett among those who have invested in the company. Considering that hedge funds in general 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.