How International Business Machines Corp. (IBM) Stacks Up Against Its Peers

Consequently, specific money managers have been driving this bullishness. Citadel Investment Group, managed by Ken Griffin, established the biggest call position in International Business Machines Corp. (NYSE:IBM). Citadel Investment Group had $115.7 million invested in the position at the end of the quarter. Israel Englander’s Millennium Management also initiated a $20.9 million position during the third quarter. The other funds with brand new IBM positions are Ray Dalio’s Bridgewater Associates, Ed Beddow and William Tichy’s Beddow Capital Management, and Dmitry Balyasny’s Balyasny Asset Management.

Let’s now review hedge fund activity in other stocks similar to International Business Machines Corp. (NYSE:IBM). These stocks are Unilever plc (ADR) (NYSE:UL), Cisco Systems, Inc. (NASDAQ:CSCO), Unilever N.V. (ADR) (NYSE:UN), and Novo Nordisk A/S (ADR) (NYSE:NVO). This group of stocks’ market caps match IBM’s market cap.

As you can see these stocks had an average of 25.5 hedge funds with bullish positions and the average amount invested in these stocks was $1.76 billion. That figure was $14.65 billion in IBM’s case. Cisco Systems, Inc. (NASDAQ:CSCO) is the most popular stock in this table. On the other hand Unilever plc (ADR) (NYSE:UL) is the least popular one with only 10 bullish hedge fund positions. International Business Machines Corp. (NYSE:IBM) is not the most popular stock in this group but hedge fund interest is still above average and it has far more money invested in it than any of the other stocks, thanks to Warren Buffett’s huge position. This is a positive signal, and given the rising hedge fund ownership, it may be worth taking a look at IBM right now.

Disclosure: None