Hedge Funds Are Buying Leidos Holdings Inc (LDOS)

Page 2 of 2

As aggregate interest increased, key money managers have been driving this bullishness. Hutchin Hill Capital, managed by Neil Chriss, created the biggest position in Leidos Holdings Inc (NYSE:LDOS). Hutchin Hill Capital had $2.7 million invested in the company at the end of the quarter. Israel Englander’s Catapult Capital Management also initiated a $1.6 million position during the quarter. The following funds were also among the new LDOS investors: Phill Gross and Robert Atchinson’s Adage Capital Management, Andy Redleaf’s Whitebox Advisors, and Alec Litowitz and Ross Laser’s Magnetar Capital.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Leidos Holdings Inc (NYSE:LDOS) but similarly valued. We will take a look at EPR Properties (NYSE:EPR), YY Inc (ADR) (NASDAQ:YY), Radius Health Inc (NASDAQ:RDUS), and DCT Industrial Trust Inc. (NYSE:DCT). All of these stocks’ market caps resemble Leidos Holdings Inc (NYSE:LDOS)’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
EPR 18 184115 3
YY 18 147741 -7
RDUS 23 562792 0
DCT 8 130423 -1

As you can see, these stocks had an average of 17 hedge funds with bullish positions and the average amount invested in these stocks was $256 million. That figure was $117 million in Leidos Holdings Inc (NYSE:LDOS)’s case. Radius Health Inc (NASDAQ:RDUS) is the most popular stock in this table. On the other hand, DCT Industrial Trust Inc. (NYSE:DCT) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks, Leidos Holdings Inc (NYSE:LDOS) 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.

Page 2 of 2