Should You Buy Willis Towers Watson PLC (WLTW)?

With a general bullishness amongst the heavyweights, key money managers were breaking ground themselves. Roystone Capital Partners, led by Richard Barrera, established the most valuable position in Willis Towers Watson PLC (NASDAQ:WLTW). Roystone Capital Partners had $57.8 million invested in the company at the end of the quarter. Larry Robbins’s Glenview Capital also initiated a $35.6 million position during the quarter. The following funds were also among the new WLTW investors: Israel Englander’s Millennium Management, Alex Duran and Scott Hendrickson’s Permian Investment Partners, and Kris Jenner, Gordon Bussard, Graham McPhail’s Rock Springs Capital Management.

Let’s now review hedge fund activity in other stocks similar to Willis Towers Watson PLC (NASDAQ:WLTW). We will take a look at Brown-Forman Corporation (NYSE:BF), M&T Bank Corporation (NYSE:MTB), Concho Resources Inc. (NYSE:CXO), and Ecopetrol S.A. (ADR) (NYSE:EC). This group of stocks’ market values are similar to WLTW’s market value.

As you can see these stocks had an average of 21 hedge funds with bullish positions and the average amount invested in these stocks was $543 million. That figure was $3.29 billion in WLTW’s case. Concho Resources Inc. (NYSE:CXO) is the most popular stock in this table. On the other hand Ecopetrol S.A. (ADR) (NYSE:EC) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Willis Towers Watson PLC (NASDAQ:WLTW) 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