No Competition: Liberty Interactive Group (QVCA) Trounces Peers in Smart Money Ownership

Due to the fact that Liberty Interactive Group (NASDAQ:QVCA) has witnessed declining sentiment from the aggregate hedge fund industry, it’s easy to see that there lies a certain “tier” of funds that elected to cut their positions entirely in the third quarter. Chase Coleman’s firm, Tiger Global Management LLC, was among those selling off its stock in the quarter, about $157.1 million worth. These transactions are interesting, as total hedge fund interest was cut by 4 funds in the third quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Liberty Interactive Group (NASDAQ:QVCA) but similarly valued. We will take a look at International Paper Company (NYSE:IP), Roper Technologies Inc (NYSE:ROP), Amphenol Corporation (NYSE:APH), and Campbell Soup Company (NYSE:CPB). This group of stocks’ market values resemble QVCA’s market value.

As you can see these stocks had an average of 27.75 hedge funds with bullish positions and the average amount invested in these stocks was $458 million. That figure was $4.22 billion in QVCA’s case. International Paper Company (NYSE:IP) is the most popular stock in this table. On the other hand Campbell Soup Company (NYSE:CPB) is the least popular one with only 25 bullish hedge fund positions. Compared to these stocks Liberty Interactive Group (NASDAQ:QVCA) is far more popular among hedge funds. Considering 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.