Sony Corporation (ADR) (SNE)’s PlayStation 4 Tops 40 Million Sales, On Record Pace

Seeing as Sony Corporation (ADR) (NYSE:SNE) has faced a declination in interest from hedge fund managers, it’s easy to see that there exists a select few fund managers that decided to sell off their entire stakes by the end of the first quarter. At the top of the heap, Allan Mecham and Ben Raybould’s Arlington Value Capital dumped the biggest position of all the hedgies followed by Insider Monkey, worth close to $32.8 million in call options, and Daniel S. Och’s OZ Management was right behind this move, as the fund sold off about $29.2 million worth of shares. These transactions are intriguing to say the least, as total hedge fund interest fell by 2 funds during the first quarter.

Let’s now take a look at hedge fund activity in other stocks similar to Sony Corporation (ADR) (NYSE:SNE). We will take a look at Prudential Financial Inc (NYSE:PRU), Becton, Dickinson and Co. (NYSE:BDX), Liberty Global PLC LiLAC Class C (NASDAQ:LILAK), and LIBERTY GLOBAL PLC (NASDAQ:LBTYK). This group of stocks’ market caps match SNE’s market cap.

As you can see these stocks had an average of 39 hedge funds with bullish positions and the average amount invested in these stocks was $2.24 billion. That figure was $280 million in SNE’s case. LIBERTY GLOBAL PLC (NASDAQ:LBTYK) is the most popular stock in this table. On the other hand Liberty Global PLC LiLAC Class C (NASDAQ:LILAK) is the least popular one with only 31 bullish hedge fund positions. Compared to these stocks Sony Corporation (ADR) (NYSE:SNE) is even less popular than LILAK. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. However, it should be noted that ADR stocks are typically not invested in very heavily by the funds that we track.

Disclosure: None