How Marsh & McLennan Companies, Inc. (MMC) Stock Stacks Up Against Its Peers

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As aggregate interest increased, key money managers have jumped into Marsh & McLennan Companies, Inc. (NYSE:MMC) headfirst. Renaissance Technologies created the most valuable position in Marsh & McLennan Companies, Inc. (NYSE:MMC) with $50.7 million invested in the company at the end of the quarter. Anand Parekh’s Alyeska Investment Group also made a $11.5 million investment in the stock during the quarter. The other funds with brand new MMC positions are Paul Marshall and Ian Wace’s Marshall Wace LLP, David Harding’s Winton Capital Management, and Alec Litowitz and Ross Laser’s Magnetar Capital.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Marsh & McLennan Companies, Inc. (NYSE:MMC) but similarly valued. These stocks are Yahoo! Inc. (NASDAQ:YHOO), T MOBILE US INC (NYSE:TMUS), Mizuho Financial Group Inc. (ADR) (NYSE:MFG), and The Kroger Co. (NYSE:KR). All of these stocks’ market caps resemble MMC’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
YHOO 90 8274108 9
TMUS 58 3343677 6
MFG 5 11054 0
KR 40 946147 5

As you can see these stocks had an average of 48 hedge funds with bullish positions and the average amount invested in these stocks was $3.14 billion. That figure was $541 million in MMC’s case. Yahoo! Inc. (NASDAQ:YHOO) is the most popular stock in this table. On the other hand Mizuho Financial Group Inc. (ADR) (NYSE:MFG) is the least popular one with only 5 bullish hedge fund positions. Marsh & McLennan Companies, Inc. (NYSE:MMC) 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 YHOO might be a better candidate to consider a long position in.

Disclosure: None

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