Intralinks Holdings Inc (IL): Hedge Funds Are Snapping Up

As aggregate interest increased, key hedge funds were breaking ground themselves. Fisher Asset Management, managed by Ken Fisher, established the largest position in Intralinks Holdings Inc (NYSE:IL). The fund reportedly had $1.7 million invested in the company at the end of the quarter. Chao Ku’s Nine Chapters Capital Management also made a $0.2 million investment in the stock during the quarter. The only other fund with a new position in the stock is Matthew Tewksbury’s Stevens Capital Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Intralinks Holdings Inc (NYSE:IL) but similarly valued. These stocks are Vera Bradley, Inc. (NASDAQ:VRA), Fidelity Southern Corporation (NASDAQ:LION), Vanda Pharmaceuticals Inc. (NASDAQ:VNDA), and K12 Inc. (NYSE:LRN). This group of stocks’ market values are similar to IL’s market value.

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $118 million. That figure was $126 million in IL’s case. Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) is the most popular stock in this table. On the other hand Vera Bradley, Inc. (NASDAQ:VRA) is the least popular one with only 15 bullish hedge fund positions. With 26 long positions, Intralinks Holdings Inc (NYSE:IL) clearly outshines the lot. Considering that hedge funds are 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.