Should You Get Onboard the Hype Train for 21Vianet Group Inc (VNET), Vereit Inc (VER) And 2 Other Stocks?

Synchrony Financial (NYSE:SYF)‘s stock returned 11.3% in the third quarter, a quarter after Taconic Capital Advisors sold 6% of its stake in the company. As of the end of June, the fund reported ownership of 700,000 shares of the company, having a total value of $17.69 million. At the end of the second quarter, 60 of the hedge funds tracked by Insider Monkey were long Synchrony Financial (NYSE:SYF), including First Eagle Investment Management, which reported holding $410.8 million worth of stock at the end of June. It was followed by Senator Investment Group with a $278.1 million position. Other investors bullish on the company included D E Shaw, Pentwater Capital Management, and Levin Capital Strategies.

FMC Technologies, Inc. (NYSE:FTI) was a new addition to Taconic Capital Advisors’ portfolio in Q2, as the firm bought 478,000 shares of the company. The overall value of the stake was $12.75 million on June 30. The stock returned 11.2% during the third quarter. At the end of the second quarter, a total of 37 of the hedge funds tracked by Insider Monkey held long positions in this stock, a 6% move up from the first quarter of 2016. According to Insider Monkey’s hedge fund database, First Eagle Investment Management holds the number one position in FMC Technologies, Inc. (NYSE:FTI). The second largest stake is held by D E Shaw, holding a $138.9 million position. Other members of the smart money with similar optimism encompass Israel Englander’s Millennium Management, John Overdeck and David Siegel’s Two Sigma Advisors, and Jim Simons’ Renaissance Technologies.

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