Hedge Funds Think Highly of Greif, Inc. (GEF)

Since Greif, Inc. (NYSE:GEF) has weathered falling interest from the aggregate hedge fund industry, it’s easy to see that there lies a certain “tier” of funds who were dropping their full holdings heading into Q4. Interestingly, Paul Marshall and Ian Wace’s Marshall Wace LLP got rid of the biggest position of the “upper crust” of funds monitored by Insider Monkey, valued at close to $1.6 million in stock. Benjamin A. Smith’s fund, Laurion Capital Management, also said goodbye to its stock, about $0.5 million worth.

Let’s go over hedge fund activity in other stocks similar to Greif, Inc. (NYSE:GEF). We will take a look at Tetra Tech, Inc. (NASDAQ:TTEK), Barnes Group Inc. (NYSE:B), Alexander & Baldwin Inc (NYSE:ALEX), and Healthequity Inc (NASDAQ:HQY). This group of stocks’ market caps resemble GEF’s market cap.

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 $79 million. That figure was $183 million in GEF’s case. Tetra Tech, Inc. (NASDAQ:TTEK) is the most popular stock in this table. On the other hand Alexander & Baldwin Inc (NYSE:ALEX) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks Greif, Inc. (NYSE:GEF) 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