Hedge Funds Are Not Interested in Cheniere Energy Partners LP (CQP)

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As aggregate interest increased, key money managers were leading the bulls’ herd. Hurley Capital, managed by Charles Goldblum, assembled the biggest position in Cheniere Energy Partners LP (NYSEMKT:CQP). Hurley Capital had $5,000 invested in the company at the end of the quarter.

Let’s now take a look at hedge fund activity in other stocks similar to Cheniere Energy Partners LP (NYSEMKT:CQP). These stocks are Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP), Digital Realty Trust, Inc. (NYSE:DLR), CNH Industrial NV (NYSE:CNHI), and Cincinnati Financial Corporation (NASDAQ:CINF). All of these stocks’ market caps resemble CQP’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CTRP 43 2075926 -9
DLR 22 244974 8
CNHI 13 378744 4
CINF 23 652563 6

As you can see these stocks had an average of 25 hedge funds with bullish positions and the average amount invested in these stocks was $838 million. That figure was $30 million in CQP’s case. Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) is the most popular stock in this table. On the other hand CNH Industrial NV (NYSE:CNHI) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks Cheniere Energy Partners LP (NYSEMKT:CQP) is even less popular than CNHI and has a fraction of the capital invested in it that the other stocks do. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock.

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