Hedge Funds Are Betting On Oracle Corporation (ORCL)

Consequently, some big names were breaking ground themselves. Citadel Investment Group, led by Ken Griffin, assembled the largest call position in Oracle Corporation (NASDAQ:ORCL). Citadel Investment Group had $40.8 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also made a $30.4 million investment in the stock during the quarter. The following funds were also among the new ORCL investors: Larry Petrella and Michael Siminerio’s PineView Asset Management, Paul Marshall and Ian Wace’s Marshall Wace LLP, and Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners.

Let’s check out hedge fund activity in other stocks similar to Oracle Corporation (NASDAQ:ORCL). We will take a look at Fomento Economico Mexicano SAB (ADR) (NYSE:FMX), Visa Inc (NYSE:V), Merck & Co., Inc. (NYSE:MRK), and The Home Depot, Inc. (NYSE:HD). This group of stocks’ market valuations are closest to ORCL’s market valuation.

As you can see these stocks had an average of 72 investors holding shares and the average amount invested in these stocks was $4.66 billion. That figure was $5.84 billion in Oracle’s case. Visa Inc (NYSE:V) is the most popular stock in this table with 115 funds holding shares as of the end of September. On the other hand Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) is the least popular one with only 16 bullish hedge fund positions. Oracle Corporation (NASDAQ:ORCL) 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 Visa Inc (NYSE:V) might be a better candidate to consider a long position.