Hedge Funds Are Crazy About Xilinx, Inc. (XLNX)

With a general bullishness among the heavyweights, specific money managers have jumped into Xilinx, Inc. (NASDAQ:XLNX) headfirst. Criterion Capital, managed by Christopher Lord, initiated the largest call position in Xilinx, Inc. (NASDAQ:XLNX). Criterion Capital had $18.4 million invested in the company at the end of the quarter. Andrew Sandler’s Sandler Capital Management also made a $17.3 million investment in the stock during the quarter. The following funds were also among the new XLNX investors: John Burbank’s Passport Capital, Ken Griffin’s Citadel Investment Group, and Israel Englander’s Millennium Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Xilinx, Inc. (NASDAQ:XLNX) but similarly valued. We will take a look at D.R. Horton, Inc. (NYSE:DHI), Extra Space Storage, Inc. (NYSE:EXR), CGI Group Inc. (USA) (NYSE:GIB), and Alliance Data Systems Corporation (NYSE:ADS). This group of stocks’ market valuations match XLNX’s market valuation.

As you can see these stocks had an average of 27.25 hedge funds with bullish positions and the average amount invested in these stocks was $700 million. That figure was $1.17 billion in XLNX’s case. D.R. Horton, Inc. (NYSE:DHI) is the most popular stock in this table. On the other hand CGI Group Inc. (USA) (NYSE:GIB) is the least popular one with only 16 bullish hedge fund positions. Compared to these stocks Xilinx, Inc. (NASDAQ:XLNX) 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.