How Smart Money Is Trading Douglas Emmett, Inc. (DEI)

Now, some big names have jumped into Douglas Emmett, Inc. (NYSE:DEI) headfirst. 40 North Management established the largest position in Douglas Emmett, Inc. (NYSE:DEI). 40 North Management had $6.7 million invested in the company at the end of the quarter. Gratia Capital also made a $5.2 million investment in the stock during the quarter. The other funds with brand new Douglas Emmett, Inc. (NYSE:DEI) positions are Millennium Management Subsidiary’s Decade Capital Management, Peter Muller’s PDT Partners, and Chao Ku’s Nine Chapters Capital Management.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Douglas Emmett, Inc. (NYSE:DEI) but similarly valued. These stocks are Shell Midstream Partners LP (NYSE:SHLX), FNFV Group (NYSE:FNFV), Murphy Oil Corporation (NYSE:MUR), and Watsco Inc (NYSE:WSO). This group of stocks’ market values is similar to Douglas Emmett, Inc. (NYSE:DEI)’s market value.

As you can see, these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $228 million. That figure was $122 million in Douglas Emmett, Inc. (NYSE:DEI)’s case. FNFV Group (NYSE:FNFV) is the most popular stock in this table. On the other hand, Shell Midstream Partners LP (NYSE:SHLX) is the least popular one with only 10 bullish hedge fund positions. Douglas Emmett, Inc. (NYSE:DEI) 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, FNFV Group (NYSE:FNFV) might be a better candidate to consider a long position.