Two Harbors Investment Corp (TWO) Getting More Love From Hedge Funds

As one would reasonably expect, some big names have been driving this bullishness. Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, established the biggest position in Two Harbors Investment Corp (NYSE:TWO). Arrowstreet Capital had $2.1 million invested in the company at the end of the quarter. George Hall’s Clinton Group also initiated a $0.2 million position during the quarter. The other funds with new positions in the stock are Alec Litowitz and Ross Laser’s Magnetar Capital, Ken Fisher’s Fisher Asset Management, and Christopher C. Grisanti’s Grisanti Brown & Partners.

Let’s now take a look at hedge fund activity in other stocks similar to Two Harbors Investment Corp (NYSE:TWO). These stocks are Black Stone Minerals LP (NYSE:BSM), Integra Lifesciences Holdings Corp (NASDAQ:IART), Urban Edge Properties (NYSE:UE), and CLARCOR Inc. (NYSE:CLC). This group of stocks’ market valuations resemble TWO’s market valuation.

As you can see these stocks had an average of 11.5 hedge funds with bullish positions and the average amount invested in these stocks was $70 million. That figure was $111 million in TWO’s case. Integra Lifesciences Holdings Corp (NASDAQ:IART) is the most popular stock in this table. On the other hand Black Stone Minerals LP (NYSE:BSM) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks Two Harbors Investment Corp (NYSE:TWO) is more popular among hedge funds. Considering that hedge funds are 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.

Disclosure: None