Should You Add InterDigital, Inc. (IDCC) to Your Portfolio?

As aggregate interest increased, specific money managers were leading the bulls’ herd. Marshall Wace LLP, led by Paul Marshall and Ian Wace, created the biggest position in InterDigital, Inc. (NASDAQ:IDCC). Marshall Wace LLP had $13.9 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also made a $8.6 million investment in the stock during the third quarter. The following funds were also among the new IDCC investors: Israel Englander’s Millennium Management, D. E. Shaw’s D E Shaw, and Neil Chriss’s Hutchin Hill Capital.

Let’s check out hedge fund activity in other stocks similar to InterDigital, Inc. (NASDAQ:IDCC). We will take a look at Graham Holdings Co (NYSE:GHC), LaSalle Hotel Properties (NYSE:LHO), Oceaneering International (NYSE:OII), and NetScout Systems, Inc. (NASDAQ:NTCT). This group of stocks’ market caps are similar to IDCC’s market cap.

As you can see these stocks had an average of 18 investors with bullish positions and the average amount invested in these stocks was $279 million, compared to $260 million in IDCC’s case. Oceaneering International (NYSE:OII) is the most popular stock in this table, while LaSalle Hotel Properties (NYSE:LHO) is the least popular one with only 13 investors holding shares. Compared to these stocks InterDigital, Inc. (NASDAQ:IDCC) is 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.

Disclosure: none