Smart Money Thinks Quite Highly of Videocon d2h Ltd – ADR (VDTH)

Because Videocon d2h Ltd – ADR (NASDAQ:VDTH) has witnessed bearish sentiment from the entirety of the hedge funds we track, we can see that there was a specific group of hedgies that decided to sell off their full holdings last quarter. Intriguingly, Jason Karp’s Tourbillon Capital Partners cut the largest stake of all the hedgies tracked by Insider Monkey, totaling about $14 million in stock. Jonathan Lennon’s fund, Pleasant Lake Partners, also cut its stock, about $3.9 million worth. These moves are interesting, as aggregate hedge fund interest was cut by 2 funds last quarter.

Let’s also examine hedge fund activity in other stocks similar to Videocon d2h Ltd – ADR (NASDAQ:VDTH). We will take a look at Capstead Mortgage Corporation (NYSE:CMO), US Ecology Inc. (NASDAQ:ECOL), Callidus Software Inc. (NASDAQ:CALD), and Cabot Microelectronics Corporation (NASDAQ:CCMP). This group of stocks’ market valuations match VDTH’s market valuation.

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $97 million. That figure was $145 million in VDTH’s case. Callidus Software Inc. (NASDAQ:CALD) is the most popular stock in this table. On the other hand Capstead Mortgage Corporation (NYSE:CMO) is the least popular one with only 7 bullish hedge fund positions. Videocon d2h Ltd – ADR (NASDAQ:VDTH) is tied with CALD as the most popular stock in this group. This is a positive signal and both CALD and VDTH might be good candidates to consider long positions in.