Is Advent/Claymore Enhanced Growth & Income (LCM) Going to Burn These Hedge Funds?

As aggregate interest increased, key hedge funds were leading the bulls’ herd. Weiss Asset Management, led by Andrew Weiss, initiated the most valuable position in Advent/Claymore Enhanced Growth & Income (NYSE:LCM). According to its latest 13F filing, the fund had $1.3 million invested in the company at the end of the quarter. Charles Clough’s Clough Capital Partners also initiated a $0.8 million position during the quarter.

Let’s also examine hedge fund activity in other stocks similar to Advent/Claymore Enhanced Growth & Income (NYSE:LCM). These stocks are Northwest Pipe Company (NASDAQ:NWPX), U.S. Auto Parts Network, Inc. (NASDAQ:PRTS), Jernigan Capital Inc (NYSE:JCAP), and Civista Bancshares Inc (NASDAQ:CIVB). All of these stocks’ market caps match LCM’s market cap.

As you can see these stocks had an average of 5 hedge funds with bullish positions and the average amount invested in these stocks was $14 million. That figure was $26 million in LCM’s case. Northwest Pipe Company (NASDAQ:NWPX) is the most popular stock in this table. On the other hand Civista Bancshares Inc (NASDAQ:CIVB) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Advent/Claymore Enhanced Growth & Income (NYSE:LCM) is more popular among hedge funds. 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.

Disclosure: none.