Hedge Funds Not Overly Impressed by WhiteWave Foods Co (WWAV) Sale

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As aggregate interest increased, key hedge funds have been driving this bullishness. York Capital Management assembled the most valuable position in WhiteWave Foods Co (NYSE:WWAV), while Arrowgrass Capital Partners also initiated a large position during the quarter. The other funds with brand new WWAV positions are Pentwater Capital Management, Eton Park Capital, and Alpine Associates (all of the largest positions were also newly-opened positions).

Let’s now review hedge fund activity in other stocks similar to WhiteWave Foods Co (NYSE:WWAV). We will take a look at LG Display Co Ltd. (ADR) (NYSE:LPL), Ally Financial Inc (NYSE:ALLY), Bunge Ltd (NYSE:BG), and Mobile TeleSystems OJSC (ADR) (NYSE:MBT). All of these stocks’ market caps match WWAV’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
LPL 12 46029 -1
ALLY 50 2271501 1
BG 23 782864 -10
MBT 17 183462 0

As you can see these stocks had an average of 25.5 hedge funds with bullish positions and the average amount invested in these stocks was $821 million. That figure was $1.81 billion in WWAV’s case. Ally Financial Inc (NYSE:ALLY) is the most popular stock in this table. On the other hand LG Display Co Ltd. (ADR) (NYSE:LPL) is the least popular one with only 12 bullish hedge fund positions. WhiteWave Foods Co (NYSE:WWAV) 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 and which are not in the process of being acquired. In this regard ALLY might be a better candidate to consider a long position in.

Disclosure: None

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