Is Aspen Insurance Holdings Limited (AHL) Going to Burn These Hedge Funds?

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As one would reasonably expect, key money managers have jumped into Aspen Insurance Holdings Limited (NYSE:AHL) headfirst. Two Sigma Advisors, managed by John Overdeck and David Siegel, initiated the biggest position in Aspen Insurance Holdings Limited (NYSE:AHL). Two Sigma Advisors had $1.3 million invested in the company at the end of the quarter. Matthew Tewksbury’s Stevens Capital Management also initiated a $1.2 million position during the quarter. The only other fund with a new position in the stock is Peter Muller’s PDT Partners.

Let’s also examine hedge fund activity in other stocks similar to Aspen Insurance Holdings Limited (NYSE:AHL). We will take a look at Telecom Argentina S.A. (ADR) (NYSE:TEO), CVR Refining LP (NYSE:CVRR), Vista Outdoor Inc (NYSE:VSTO), and Sensient Technologies Corporation (NYSE:SXT). This group of stocks’ market values match AHL’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
TEO 11 86033 -2
CVRR 10 130928 3
VSTO 20 813685 -2
SXT 14 129563 0

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $290 million. That figure was $201 million in AHL’s case. Vista Outdoor Inc (NYSE:VSTO) is the most popular stock in this table with 20 funds reporting shares in the last round of 13F filings. On the other hand CVR Refining LP (NYSE:CVRR) is the least popular one. Compared to these stocks Aspen Insurance Holdings Limited (NYSE:AHL) 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.

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