How Liberty Interactive Corp (QVCA) Stacks Up Against Its Peers

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As aggregate interest increased, key hedge funds have jumped into Liberty Interactive Corp (NASDAQ:QVCA) headfirst. Brahman Capital, managed by Peter Adam Hochfelder, created the biggest call position in Liberty Interactive Corp (NASDAQ:QVCA). Brahman Capital had $100.3 million invested in the holding at the end of the quarter. John Armitage’s Egerton Capital Limited also made a $36.5 million investment in the stock during the quarter. The other funds with brand new QVCA positions are Steven Tananbaum’s GoldenTree Asset Management, Larry Petrella and Michael Siminerio’s PineView Asset Management, and Adam Wolfberg and Steven Landry’s EastBay Asset Management.

Let’s now review hedge fund activity in other stocks similar to Liberty Interactive Corp (NASDAQ:QVCA). We will take a look at Nucor Corporation (NYSE:NUE), Smith & Nephew plc (ADR) (NYSE:SNN), Concho Resources Inc. (NYSE:CXO), and Shinhan Financial Group Co., Ltd. (ADR) (NYSE:SHG). This group of stocks’ market valuations resemble QVCA’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
NUE 29 415841 -3
SNN 11 233062 1
CXO 34 714443 -4
SHG 7 14087 -2

As you can see these stocks had an average of 20.25 hedge funds with bullish positions and the average amount invested in these stocks was $344 million. That figure was $3.08 billion in QVCA’s case. Concho Resources Inc. (NYSE:CXO) is the most popular stock in this table. On the other hand Shinhan Financial Group Co., Ltd. (ADR) (NYSE:SHG) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks Liberty Interactive Corp (NASDAQ:QVCA) is far more popular among hedge funds. Considering that hedge funds are quite 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.

Disclosure: None

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