Is Pampa Energia S.A. (ADR) (PAM) Going to Burn These Hedge Funds?

As aggregate interest increased, some big names were breaking ground themselves. Driehaus Capital, managed by Richard Driehaus, initiated the most valuable position in Pampa Energia S.A. (ADR) (NYSE:PAM). Driehaus Capital had $6.2 million invested in the company at the end of the quarter. Michael Novogratz’s Fortress Investment Group also initiated a $0.8 million position during the quarter.

Let’s go over hedge fund activity in other stocks similar to Pampa Energia S.A. (ADR) (NYSE:PAM). We will take a look at Altisource Residential Corp (NYSE:RESI), Standard Motor Products, Inc. (NYSE:SMP), Ply Gem Holdings Inc (NYSE:PGEM), and Western Digital Corp. (NASDAQ:WD). All of these stocks’ market caps match PAM’s market cap.

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 $100 million. That figure was $92 million in PAM’s case. Ply Gem Holdings Inc (NYSE:PGEM) is the most popular stock in this table. On the other hand, Standard Motor Products, Inc. (NYSE:SMP) is the least popular one with only 6 bullish hedge fund positions. Although Pampa Energia S.A. (ADR) (NYSE:PAM), with 10 bullish hedge fund positions, is not the least popular stock in this group it still has not attracted much attention from investors. This is a slightly negative signal, and we’d rather spend our time researching stocks that hedge funds are collectively most fond of, such as PGEM, in this particular group.