Here Is What Hedge Funds Think About OM Asset Management PLC (OMAM)

As one would reasonably expect, key money managers have jumped into OM Asset Management PLC (NYSE:OMAM) headfirst. Tudor Investment Corp, led by Paul Tudor Jones, initiated the most valuable position in OM Asset Management PLC (NYSE:OMAM). Tudor Investment Corp had $0.6 million invested in the company at the end of the quarter. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital also initiated a $0.3 million position during the quarter. The only other fund with a brand new OMAM position is John Overdeck and David Siegel’s Two Sigma Advisors.

Let’s now take a look at hedge fund activity in other stocks similar to OM Asset Management PLC (NYSE:OMAM). These stocks are ExlService Holdings, Inc. (NASDAQ:EXLS), USANA Health Sciences, Inc. (NYSE:USNA), Core-Mark Holding Company, Inc. (NASDAQ:CORE), and Northwest Natural Gas Co (NYSE:NWN). All of these stocks’ market caps are similar to OMAM’s market cap.

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $77 million. That figure was $64 million in OMAM’s case. USANA Health Sciences, Inc. (NYSE:USNA) is the most popular stock in this table. On the other hand ExlService Holdings, Inc. (NASDAQ:EXLS) is the least popular one with only eight bullish hedge fund positions. OM Asset Management PLC (NYSE:OMAM) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard USANA Health Sciences might be a better candidate to consider taking a long position in.

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Disclosure: None