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How Big Lots, Inc. (BIG) Stacks Up To Its Peers

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Big Lots, Inc. (NYSE:BIG) shares didn’t see a lot of action during the third quarter. Overall, hedge fund sentiment was unchanged. The stock was in 26 hedge funds’ portfolios at the end of the third quarter of 2016. At the end of this article we will also compare BIG to other stocks including Cathay General Bancorp (NASDAQ:CATY), Media General, Inc. (NYSE:MEG), and J&J Snack Foods Corp. (NASDAQ:JJSF) to get a better sense of its popularity.

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What does the smart money think about Big Lots, Inc. (NYSE:BIG)?

At Q3’s end, a total of 26 of the hedge funds tracked by Insider Monkey held long positions in this stock, unchanged from the previous quarter, after a nice boost in ownership of the stock during Q2. With the smart money’s sentiment swirling, there exists a select group of key hedge fund managers who were upping their stakes substantially (or already accumulated large positions).

HedgeFundSentimentChart

When looking at the institutional investors followed by Insider Monkey, AQR Capital Management, managed by Cliff Asness, holds the largest position in Big Lots, Inc. (NYSE:BIG). According to regulatory filings, the fund has a $65.8 million position in the stock. Sitting at the No. 2 spot is Steve Cohen of Point72 Asset Management, with a $20 million position. Some other professional money managers that are bullish comprise Joel Greenblatt’s Gotham Asset Management, Dmitry Balyasny’s Balyasny Asset Management, and Jim Simons’ Renaissance Technologies.

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