Here is What Hedge Funds Have To Say About KKR & Co. L.P. (KKR)

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that dumped their entire stakes in the stock during the third quarter. Intriguingly, Ken Griffin’s Citadel Investment Group dumped the largest investment of the “upper crust” of funds followed by Insider Monkey, worth an estimated $2.6 million in call options, and Eric Halet and Davide Serra’s Algebris Investments was right behind this move, as the fund dropped about $1.5 million worth of shares.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as KKR & Co. L.P. (NYSE:KKR) but similarly valued. We will take a look at WABCO Holdings Inc. (NYSE:WBC), Companhia de Saneamento Basico (ADR) (NYSE:SBS), OGE Energy Corp. (NYSE:OGE), and TransUnion (NYSE:TRU). All of these stocks’ market caps are closest to KKR’s market cap.

As you can see these stocks had an average of 23 hedge funds with bullish positions and the average amount invested in these stocks was $596 million. That figure was $477 million in KKR’s case. WABCO Holdings Inc. (NYSE:WBC) is the most popular stock in this table. On the other hand OGE Energy Corp. (NYSE:OGE) is the least popular one with only 13 bullish hedge fund positions. KKR & Co. L.P. (NYSE:KKR) 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 WBC might be a better candidate to consider taking a long position in.

Disclosure: None