Here is What Hedge Funds Think About Thor Industries, Inc. (THO)

Now, some big names were breaking ground themselves. Renaissance Technologies, managed by Jim Simons, created the largest position in Thor Industries, Inc. (NYSE:THO), worth an estimated $9.4 million at the end of the quarter. Josh Goldberg’s G2 Investment Partners Management also initiated a $1.3 million position during the quarter. The following funds were also among the new THO investors: John Overdeck and David Siegel’s Two Sigma Advisors, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, and Ray Dalio’s Bridgewater Associates.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Thor Industries, Inc. (NYSE:THO) but similarly valued. We will take a look at First Citizens BancShares Inc. (NASDAQ:FCNCA), Piedmont Office Realty Trust, Inc. (NYSE:PDM), American Greetings Corporation (NYSE:AM), and Associated Banc Corp (NYSE:ASB). This group of stocks’ market values match THO’s market value.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $105 million. Associated Banc Corp (NYSE:ASB) is the most popular stock in this table. On the other hand American Greetings Corporation (NYSE:AM) is the least popular one with only 5 bullish hedge fund positions. Thor Industries, Inc. (NYSE:THO) is clearly the most popular stock from this group, having the upper hand in both the number of funds with long positions and the amount invested, which is estimated at $233 million. 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.