Hedge Funds Aren’t Crazy About Dana Holding Corporation (DAN) Anymore

Because Dana Holding Corporation (NYSE:DAN) has experienced a declination in interest from the entirety of the hedge funds we track, we can see that there were a few fund managers who sold off their full holdings by the end of the third quarter. At the top of the heap, Joel Greenblatt’s Gotham Asset Management dropped the largest stake of all the hedgies watched by Insider Monkey, comprising an estimated $19.3 million in stock. Zac Hirzel’s fund, Hirzel Capital Management, also said goodbye to its stock, about $15.2 million worth of stock. These moves are interesting, as aggregate hedge fund interest was cut by 1 fund by the end of the third quarter.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Dana Holding Corporation (NYSE:DAN) but similarly valued. These stocks are Pebblebrook Hotel Trust (NYSE:PEB), Janus Capital Group Inc (NYSE:JNS), REGAL-BELOIT CORPORATION (NYSE:RBC), and The Medicines Company (NASDAQ:MDCO). This group of stocks’ market caps is similar to Dana Holding Corporation (NYSE:DAN)’s market cap.

As you can see, these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $347 million. That figure was $332 million in Dana Holding Corporation (NYSE:DAN)’s case. Janus Capital Group Inc (NYSE:JNS) is the most popular stock in this table. On the other hand, Pebblebrook Hotel Trust (NYSE:PEB) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks, Dana Holding Corporation (NYSE:DAN) 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.