Hedge Funds Are Buying The Chubb Corporation (CB)

Consequently, key hedge funds were leading the bulls’ herd. Carlson Capital, managed by Clint Carlson, assembled a position in The Chubb Corporation (NYSE:CB). Carlson Capital had $207.7 million invested in the company at the end of the quarter. Robert Emil Zoellner’s Alpine Associates also initiated a $152.3 million position during the quarter. The other funds with brand new CB positions are John Orrico’s Water Island Capital, Shane Finemore’s Manikay Partners, and Matthew Mark’s Jet Capital Investors.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as The Chubb Corporation (NYSE:CB) but similarly valued. These stocks are Monster Beverage Corp (NASDAQ:MNST), Marsh & McLennan Companies, Inc. (NYSE:MMC), Williams Companies, Inc. (NYSE:WMB), and WPP PLC (ADR) (NASDAQ:WPPGY). This group of stocks’ market valuations are similar to CB’s market valuation.

As you can see these stocks had an average of 34 hedge funds with bullish positions and the average amount invested in these stocks was $1845 million. That figure was $1432 million in CB’s case. Williams Companies, Inc. (NYSE:WMB) is the most popular stock in this table. On the other hand WPP PLC (ADR) (NASDAQ:WPPGY) is the least popular one. Although, the Chubb Corporation (NYSE:CB) is not the most popular stock in this group, it has attracted attention from investors. Even though, this may imply it is a stock worth considering, his is a slightly positive signal, we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, WMB might be a better candidate to consider a long position.