Hedge Funds Are Freaking Out Over NXP Semiconductors NV (NXPI)

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As aggregate interest increased, key hedge funds have been driving this bullishness. Cantillon Capital Management assembled the most outsized position in NXP Semiconductors NV (NASDAQ:NXPI), followed by Matthew Halbower’s Pentwater Capital Management, which made a $90.8 million investment in the stock during the quarter. The other funds with brand new NXPI positions are Doug Silverman and Alexander Klabin’s Senator Investment Group, Leon Shaulov’s Maplelane Capital, and Benjamin A. Smith’s Laurion Capital Management.

Let’s now review hedge fund activity in other stocks similar to NXP Semiconductors NV (NASDAQ:NXPI). We will take a look at Humana Inc (NYSE:HUM), Imperial Oil Limited (USA) (NYSEAMEX:IMO), Dollar General Corp. (NYSE:DG), and Fresenius Medical Care AG & Co. (ADR) (NYSE:FMS). This group of stocks’ market values are closest to NXPI’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
HUM 66 5948125 2
IMO 6 76445 -3
DG 53 1173695 0
FMS 6 7036 -1

As you can see these stocks had an average of 32.75 hedge funds with bullish positions and the average amount invested in these stocks was $1.80 billion. That figure was $2.62 billion in NXPI’s case. Humana Inc (NYSE:HUM) is the most popular stock in this table. On the other hand Imperial Oil Limited (USA) (NYSEAMEX:IMO) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks NXP Semiconductors NV (NASDAQ:NXPI) 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.

Disclosure: None

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