Is Syngenta AG (ADR) (SYT) A Good Stock to Buy Now?

With general bullishness amongst the heavyweights, some big names were leading the bulls’ herd. Highfields Capital Management initiated the biggest position in Syngenta AG (ADR) (NYSE:SYT), having $59.8 million invested in the company at the end of the quarter. Curtis Schenker and Craig Effron’s Scoggin also made a $29.4 million investment in the stock during the quarter. The other funds with brand new SYT positions are Jamie Zimmerman’s Litespeed Management, Richard Driehaus’ Driehaus Capital, and Carl Tiedemann and Michael Tiedemann’s TIG Advisors.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Syngenta AG (ADR) (NYSE:SYT) but similarly valued. We will take a look at Marsh & McLennan Companies, Inc. (NYSE:MMC), Yahoo! Inc. (NASDAQ:YHOO), T MOBILE US INC (NYSE:TMUS), and Mizuho Financial Group Inc. (ADR) (NYSE:MFG). This group of stocks’ market valuations resemble SYT’s market valuation.

As you can see these stocks had an average of 46 hedge funds with bullish positions and the average amount invested in these stocks was $3.04 billion. That figure was $1.22 billion in SYT’s case. Yahoo! Inc. (NASDAQ:YHOO) is the most popular stock in this table. On the other hand Mizuho Financial Group Inc. (ADR) (NYSE:MFG) is the least popular one with only 5 bullish hedge fund positions. Syngenta AG (ADR) (NYSE:SYT) 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 YHOO might be a better candidate to consider a long position.

Disclosure: None