Is Banco Macro SA (ADR) (BMA) Going To Burn These Hedge Funds?

As one would reasonably expect, key hedge funds were breaking ground themselves. David Halpert’s Prince Street Capital Management created the biggest position in Banco Macro SA (ADR) (NYSE:BMA). Prince Street Capital Management had $3 million invested in the company at the end of the quarter. Brian Taylor’s Pine River Capital Management also made a $2.7 million investment in the stock during the quarter. The other funds with new positions in the stock are Jacob Rothschild’s RIT Capital Partners, Matthew Tewksbury’s Stevens Capital Management, and John Horseman’s Horseman Capital Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Banco Macro SA (ADR) (NYSE:BMA) but similarly valued. We will take a look at MSC Industrial Direct Co Inc (NYSE:MSM), DCT Industrial Trust Inc. (NYSE:DCT), Compania Cervecerias Unidas S.A. (ADR) (NYSE:CCU), and PTC Inc (NASDAQ:PTC). This group of stocks’ market values are closest to BMA’s market value.

As you can see these stocks had an average of 17 hedge funds with bullish positions and the average amount invested in these stocks was $427 million. That figure was $149 million in BMA’s case. PTC Inc (NASDAQ:PTC) is the most popular stock in this table. On the other hand DCT Industrial Trust Inc. (NYSE:DCT) is the least popular one with only 9 bullish hedge fund positions. Banco Macro SA (ADR) (NYSE:BMA) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard PTC might be a better candidate to consider taking a long position in.

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Disclosure: None