Is Autohome Inc (ADR) (ATHM) Going To Burn These Hedge Funds?

Since Autohome Inc (ADR) (NYSE:ATHM) has weathered declining sentiment from the aggregate hedge fund industry, logic holds that there exists a select few hedgies that elected to cut their positions entirely by the end of the third quarter. At the top of the heap, Larry Chen and Terry Zhang’s Tairen Capital got rid of the biggest position of all the investors monitored by Insider Monkey, valued at an estimated $4.7 million in stock, and Sahm Adrangi’s Kerrisdale Capital was right behind this move, as the fund said goodbye to about $2.6 million worth of shares.

Let’s check out hedge fund activity in other stocks similar to Autohome Inc (ADR) (NYSE:ATHM). These stocks are Acadia Realty Trust (NYSE:AKR), Brandywine Realty Trust (NYSE:BDN), MGIC Investment Corp. (NYSE:MTG), and Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). This group of stocks’ market values are closest to ATHM’s market value.

As you can see these stocks had an average of 22 hedge funds with bullish positions and the average amount invested in these stocks was $262 million. That figure was $179 million in ATHM’s case. MGIC Investment Corp. (NYSE:MTG) is the most popular stock in this table. On the other hand Acadia Realty Trust (NYSE:AKR) is the least popular one with only 6 bullish hedge fund positions. Autohome Inc (ADR) (NYSE:ATHM) 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 MTG might be a better candidate to consider taking a long position in.

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Disclosure: None