Regency Centers Corp (REG) Hedge Funds Are Snapping Up

As aggregate interest increased, key money managers have jumped into Regency Centers Corp (NYSE:REG) headfirst. Balyasny Asset Management initiated the most outsized position in Regency Centers. The fund reportedly had $15.4 million invested in the company at the end of the quarter. Stevens Capital Management also initiated a $5.8 million position during the quarter. The other funds with new positions in the stock are Greg Poole’s Echo Street Capital Management, George Hall’s Clinton Group, and John Overdeck and David Siegel’s Two Sigma Advisors.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Regency Centers Corp (NYSE:REG) but similarly valued. We will take a look at ANSYS, Inc. (NASDAQ:ANSS), Plains GP Holdings LP (NYSE:PAGP), Rite Aid Corporation (NYSE:RAD), and Marine Harvest ASA (NYSE:MHG). This group of stocks’ market caps match REG’s market cap.

As you can see these stocks had an average of 27 hedge funds with bullish positions and the average amount invested in these stocks was $599 million. That figure was $165 million in REG’s case. Rite Aid Corporation (NYSE:RAD) is the most popular stock in this table. On the other hand Marine Harvest ASA (NYSE:MHG) is the least popular one with only 5 bullish hedge fund positions. Regency Centers Corp (NYSE:REG) 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 RAD might be a better candidate to consider taking a long position in.

Disclosure: none.