What does the smart money think about Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA)?
At Q4’s end, a total of 81 of the hedge funds tracked by Insider Monkey held long positions in this stock, a 16% increase from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were increasing their stakes substantially (or had already accumulated large positions).
According to Insider Monkey’s hedge fund database, Viking Global, managed by Andreas Halvorsen, holds the number one position in Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA). Viking Global has a $1.64 billion position in the stock, comprising 6.2% of its 13F portfolio. Coming in second is Paulson & Co, led by John Paulson, holding a $1.34 billion position; the fund has 8% of its 13F portfolio invested in the stock. Other members of the smart money that hold long positions consist of Zach Schreiber’s Point State Capital, Jonathon Jacobson’s Highfields Capital Management, and Larry Robbins’ Glenview Capital.
Consequently, specific money managers have jumped into Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) headfirst. OZ Management, managed by Daniel S. Och, initiated the most outsized call position in Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA). OZ Management had $325.5 million invested in the position at the end of the quarter. John Griffin’s Blue Ridge Capital also initiated a $262.6 million position during the quarter. The following funds were also among the new TEVA investors: Rob Citrone’s Discovery Capital Management, and Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital.
Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) but similarly valued. These stocks are Ford Motor Company (NYSE:F), Texas Instruments Incorporated (NASDAQ:TXN), Barclays PLC (ADR) (NYSE:BCS), and Telefonica S.A. (ADR) (NYSE:TEF). This group of stocks’ market valuations are closest to TEVA’s market valuation.
| Ticker | No of HFs with positions | Total Value of HF Positions (x1000) | Change in HF Position |
|---|---|---|---|
| F | 39 | 1031341 | 1 |
| TXN | 38 | 864708 | 3 |
| BCS | 12 | 275403 | -3 |
| TEF | 6 | 10127 | 1 |
As you can see these stocks had an average of 24 hedge funds with bullish positions and the average amount invested in these stocks was $545 million. That figure was $9.74 billion in TEVA’s case. Ford Motor Company (NYSE:F) is the most popular stock in this table. On the other hand Telefonica S.A. (ADR) (NYSE:TEF) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) is more popular among hedge funds. Considering that hedge funds are very 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.
