Here is What Hedge Funds Think About BOK Financial Corporation (BOKF)

Because BOK Financial Corporation (NASDAQ:BOKF) has witnessed falling interest from the smart money, we can see that there were a few funds that slashed their entire stakes in the third quarter. It’s worth mentioning that Carson Yost’s Yost Capital Management said goodbye to the largest position of all the hedgies watched by Insider Monkey, comprising close to $10.4 million in stock, and Matthew Hulsizer’s PEAK6 Capital Management was right behind this move, as the fund cut about $4.8 million worth. These moves are important to note, as aggregate hedge fund interest fell by 1 funds in the third quarter.

Let’s now take a look at hedge fund activity in other stocks similar to BOK Financial Corporation (NASDAQ:BOKF). These stocks are White Mountains Insurance Group Ltd (NYSE:WTM), NewMarket Corporation (NYSE:NEU), Tempur-Pedic International Inc. (NYSE:TPX), and PacWest Bancorp (NASDAQ:PACW). This group of stocks’ market values match BOKF’s market value.

As you can see these stocks had an average of 21 hedge funds with bullish positions and the average amount invested in these stocks was $442 million. That figure was $98 million in BOKF’s case. Tempur-Pedic International Inc. (NYSE:TPX) is the most popular stock in this table. On the other hand NewMarket Corporation (NYSE:NEU) is the least popular one with only 14 bullish hedge fund positions. Compared to these stocks BOK Financial Corporation (NASDAQ:BOKF) is even less popular than NEU. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is required.