What Do Hedge Funds Think Of E I Du Pont De Nemours And Co (DD)

Hedge fund activity in E I Du Pont De Nemours And Co (NYSE:DD)

The previously mentioned Trian Partners, managed by Nelson Peltz, holds the number one position in E I Du Pont De Nemours And Co (NYSE:DD) as of the end of the first quarter. Trian Partners had a $1.76 billion position in the stock in 24.56 million shares, comprising 20.5% of its 13F portfolio. Coming in second is Adage Capital Management, managed by Phill Gross and Robert Atchinson, which held a $98.1 million position in 1.37 million shares; the fund had 0.2% of its 13F portfolio invested in the stock. Some other peers that were bullish encompass Highfields Capital Management, John A. Levin’s Levin Capital Strategies, and Ken Griffin’s Citadel Investment Group.

Consequently, some big names were leading the bulls’ herd. The aforementioned Highfields Capital Management, led by Jonathon Jacobson, established the biggest position in E I Du Pont De Nemours And Co (NYSE:DD) in the first quarter, holding a $93.6 million position in the company at the end of the quarter, buying 1.31 million shares. Orlando Muyshondt’s Tyrian Investments also made a $17.3 million investment in the stock, buying 242,200 shares during the quarter. The following funds were also among the new DuPont investors: Matthew Tewksbury’s Stevens Capital Management, Douglas Hirsch’s Seneca Capital, and Andre F. Perold’s HighVista Strategies.

Because of the negative sentiment from the world’s foremost money managers, and continuing uncertainty over further potentially costly challenges from activists like Peltz, we do not recommend a long position on E I Du Pont De Nemours And Co (NYSE:DD) at this time.

Disclosure: None