Hedge Funds Are Betting On Masco Corp (MAS)

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As industrywide interest jumped, key hedge funds have been driving this bullishness. Adage Capital Management, managed by Phill Gross and Robert Atchinson, initiated the largest position in Masco Corp (NYSE:MAS). Adage Capital Management had $45.6 million invested in the company at the end of the quarter. Gabriel Plotkin’s Melvin Capital Management also initiated a $27.4 million position during the quarter. The other funds with new positions in the stock are Brad Dunkley and Blair Levinsky’s Waratah Capital Advisors, Ken Griffin’s Citadel Investment Group, and Paul Marshall and Ian Wace’s Marshall Wace LLP.

Let’s also examine hedge fund activity in other stocks similar to Masco Corp (NYSE:MAS). We will take a look at Whole Foods Market, Inc. (NASDAQ:WFM), Ball Corporation (NYSE:BLL), Annaly Capital Management, Inc. (NYSE:NLY), and Discovery Communications Inc. (NASDAQ:DISCA). This group of stocks’ market values match MAS’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
WFM 28 768340 2
BLL 35 1617854 -7
NLY 13 120034 -4
DISCA 27 293055 -3

As you can see these stocks had an average of 25.75 hedge funds with bullish positions and the average amount invested in these stocks was $700 million. That figure was $1212 million in MAS’ case. Ball Corporation (NYSE:BLL) is the most popular stock in this table. On the other hand Annaly Capital Management, Inc. (NYSE:NLY) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks Masco Corp (NYSE:MAS) is more popular among hedge funds. Considering that hedge funds 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.

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