Trinseo S.A. (TSE) Hedge Funds Are Snapping Up

As one would reasonably expect, specific money managers were leading the bulls’ herd. Laurion Capital Management, managed by Benjamin A. Smith, established the most outsized position in Trinseo S.A. (NYSE:TSE). Laurion Capital Management had $92.4 million invested in the company at the end of the quarter. Joshua Kaufman and Craig Nerenberg’s Brenner West Capital Partners also made a $52 million investment in the stock during the quarter. The other funds with new positions in the stock are Leon Cooperman’s Omega Advisors, and Steve Cohen’s Point72 Asset Management.

Let’s now review hedge fund activity in other stocks similar to Trinseo S.A. (NYSE:TSE). We will take a look at Wolverine World Wide, Inc. (NYSE:WWW), Dynegy Inc. (NYSE:DYN), IMAX Corporation (USA) (NYSE:IMAX), and NGL Energy Partners LP (NYSE:NGL). This group of stocks’ market caps match TSE’s market cap.

As you can see these stocks had an average of 17.25 hedge funds with bullish positions and the average amount invested in these stocks was $254 million. That figure was $849 million in TSE’s case. Dynegy Inc. (NYSE:DYN) is the most popular stock in this table. On the other hand NGL Energy Partners LP (NYSE:NGL) is the least popular one with only 6 bullish hedge fund positions. Trinseo S.A. (NYSE:TSE) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard DYN might be a better candidate to consider a long position.