Hedge Funds Are Betting On Sientra Inc (SIEN)

With a general bullishness amongst the heavyweights, specific money managers were leading the bulls’ herd. Amici Capital established the largest position in Sientra Inc (NASDAQ:SIEN). Amici Capital had $5.1 million invested in the company at the end of the quarter. Matthew Strobeck’s Birchview Capital also initiated a $0.7 million position during the quarter. The other funds with brand new SIEN positions are Tom Henwood’s OMT Capital Management, John Overdeck and David Siegel’s Two Sigma Advisors, and Chao Ku’s Nine Chapters Capital Management.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Sientra Inc (NASDAQ:SIEN) but similarly valued. These stocks are GSV Capital Corp (NASDAQ:GSVC), Five Star Quality Care, Inc. (NYSE:FVE), Exa Corp (NASDAQ:EXA), and ASA Gold and Precious Metals Ltd (NYSE:ASA). This group of stocks’ market values are similar to SIEN’s market value.

As you can see these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $18 million, lower than the $58 million in SIEN’s case. Five Star Quality Care, Inc. (NYSE:FVE) is the most popular stock in this table. On the other hand ASA Gold and Precious Metals Ltd (NYSE:ASA) is the least popular one with only 4 bullish hedge fund positions. Sientra Inc (NASDAQ:SIEN) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard FVE might be a better candidate to consider a long position.