Mastercard Inc (MA): Hedge Funds Are Snapping Up

Now, key money managers were breaking ground themselves. Citadel Investment Group, managed by Ken Griffin, initiated the biggest position in Mastercard Inc (NYSE:MA). As reported in its latest 13F filing, the fund had $47.5 million invested in the company at the end of the quarter. Christopher James’s Partner Fund Management also initiated a $45.1 million position during the quarter. The other funds with new positions in the stock are Matthew Tewksbury’s Stevens Capital Management, Benjamin A. Smith’s Laurion Capital Management, and John Overdeck and David Siegel’s Two Sigma Advisors.

Let’s also examine hedge fund activity in other stocks similar to Mastercard Inc (NYSE:MA). These stocks are Bristol Myers Squibb Co. (NYSE:BMY), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), Medtronic, Inc. (NYSE:MDT), and McDonald’s Corporation (NYSE:MCD). This group of stocks’ market valuations match MA’s market valuation.

As you can see these stocks had an average of 51 hedge funds with bullish positions and the average amount invested in these stocks was $2.69 billion. McDonald’s Corporation (NYSE:MCD) is the most popular stock in this table, whereas China Life Insurance Company Ltd. (ADR) (NYSE:LFC) is the least popular one with only 9 bullish hedge fund positions. Mastercard Inc (NYSE:MA) outshines them all with 76 long positions and $6.65 billion in investments from the hedgies. Taking into account the fact that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.