Masco Corporation (MAS): Are Hedge Funds Right About This Stock?

As aggregate interest increased, specific money managers have jumped into Masco Corporation (NYSE:MAS) headfirst. Columbus Circle Investors established the most valuable position in Masco Corporation (NYSE:MAS). Columbus Circle Investors had $76.6 million invested in the company at the end of the quarter. Christopher A. Winham’s Tide Point Capital also initiated a $29 million position during the quarter. The other funds with new positions in the stock are Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Gregg Moskowitz’s Interval Partners, and Gabriel Plotkin’s Melvin Capital Management.

Let’s check out hedge fund activity in other stocks similar to Masco Corporation (NYSE:MAS). We will take a look at Advanced Semiconductor Engineering (ADR) (NYSE:ASX), LKQ Corporation (NASDAQ:LKQ), Western Gas Equity Partners LP (NYSE:WGP), and Ball Corporation (NYSE:BLL). All of these stocks’ market caps match MAS’s market cap.

As you can see these stocks had an average of 23.75 hedge funds with bullish positions and the average amount invested in these stocks was $515 million. That figure was $1,336 million in MAS’s case. Ball Corporation (NYSE:BLL) is the most popular stock in this table. On the other hand Western Gas Equity Partners LP (NYSE:WGP) is the least popular one with only 9 bullish hedge fund positions. Along with BLL, Masco Corporation (NYSE:MAS) is the most popular stock in this group and that makes the stock worth a closer look.