Hedge Funds Are Selling Kennedy-Wilson Holdings Inc (KW)

Because Kennedy-Wilson Holdings Inc (NYSE:KW) has witnessed falling interest from the entirety of the hedge funds we track, it’s safe to say that there exists a select few hedge funds who sold off their entire stakes in the third quarter. Interestingly, D. E. Shaw’s D E Shaw said goodbye to the largest stake of the “upper crust” of funds watched by Insider Monkey, comprising about $4.3 million in stock. Glenn Russell Dubin’s fund, Highbridge Capital Management, also cut its stock, about $0.9 million worth. These moves are interesting, as total hedge fund interest fell by 2 funds in the third quarter.

Let’s now review hedge fund activity in other stocks similar to Kennedy-Wilson Holdings Inc (NYSE:KW). We will take a look at Cree, Inc. (NASDAQ:CREE), Univar Inc (NYSE:UNVR), Healthcare Realty Trust Inc (NYSE:HR), and ACI Worldwide Inc (NASDAQ:ACIW). This group of stocks’ market values are closest to KW’s market value.

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $108 million. That figure was $484 million in KW’s case. ACI Worldwide Inc (NASDAQ:ACIW) is the most popular stock in this table. On the other hand Healthcare Realty Trust Inc (NYSE:HR) is the least popular one with only 10 bullish hedge fund positions. Kennedy-Wilson Holdings Inc (NYSE:KW) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard ACIW might be a better candidate to consider a long position.