What do Hedge Funds Think of Federal-Mogul Corporation (FDML)?

It’s worth mentioning that Roger Ibbotson’s Zebra Capital Management cut the biggest stake of all the hedgies watched by Insider Monkey, comprising close to $0.3 million in stock, and Cliff Asness’s AQR Capital Management was right behind this move, as the fund dropped about $0.2 million worth. These moves are important to note, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Federal-Mogul Corporation (NASDAQ:FDML) but similarly valued. We will take a look at Seres Therapeutics Inc (NASDAQ:MCRB), NuStar GP Holdings, LLC (NYSE:NSH), SPS Commerce, Inc. (NASDAQ:SPSC), and Texas Pacific Land Trust (NYSE:TPL). All of these stocks’ market caps resemble FDML’s market cap.

As you can see these stocks had an average of 7.75 hedge funds with bullish positions and the average amount invested in these stocks was $94 million. That figure was $1,010 million in FDML’s case. Seres Therapeutics Inc (NASDAQ:MCRB) is the most popular stock in this table. On the other hand Texas Pacific Land Trust (NYSE:TPL) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Federal-Mogul Corporation (NASDAQ:FDML) 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.