Hedge Funds Are Selling Tempur Sealy International Inc (TPX)

Judging by the fact that Tempur Sealy International Inc (NYSE:TPX) has witnessed a decline in interest from the smart money, we can see that there was a specific group of fund managers that elected to cut their full holdings last quarter. Interestingly, Marc Majzner’s Clearline Capital cut the biggest position of all the hedgies watched by Insider Monkey, valued at about $31.4 million in stock, and Clint Carlson’s Carlson Capital was right behind this move, as the fund cut about $18 million worth. These transactions are intriguing to say the least, as aggregate hedge fund interest was cut by 5 funds last quarter.

Let’s now take a look at hedge fund activity in other stocks similar to Tempur Sealy International Inc (NYSE:TPX). We will take a look at World Fuel Services Corporation (NYSE:INT), Kirby Corporation (NYSE:KEX), Seaboard Corporation (NYSEAMEX:SEB), and AU Optronics Corp. (ADR) (NYSE:AUO). This group of stocks’ market values resemble TPX’s market value.

As you can see these stocks had an average of 15.25 hedge funds with bullish positions and the average amount invested in these stocks was $142 million. That figure was $1.20 billion in TPX’s case. World Fuel Services Corporation (NYSE:INT) is the most popular stock in this table. On the other hand Seaboard Corporation (NYSEAMEX:SEB) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks Tempur Sealy International Inc (NYSE:TPX) 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