What do Hedge Funds think of ING Groep N.V. (ADR) (ING)?

As one would reasonably expect, some big names have been driving this bullishness. Blue Mountain Capital, managed by Andrew Feldstein and Stephen Siderow, established the biggest position in ING Groep N.V. (ADR) (NYSE:ING). Blue Mountain Capital had $9.7 million invested in the company at the end of the quarter. Patrik Brummer’s Zenit Asset Management AB also initiated a $4.9 million position during the quarter. The other funds with new positions in the stock are Israel Englander’s Millennium Management, David Costen Haley’s HBK Investments, and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s go over hedge fund activity in other stocks similar to ING Groep N.V. (ADR) (NYSE:ING). We will take a look at Prudential Public Limited Company (ADR) (NYSE:PUK), Honda Motor Co Ltd (ADR) (NYSE:HMC), Ford Motor Company (NYSE:F), and BT Group plc (ADR) (NYSE:BT). This group of stocks’ market caps match ING’s market cap.

As you can see these stocks had an average of 17 hedge funds with bullish positions and the average amount invested in these stocks was $313 million. That figure was $31 million in ING’s case. Ford Motor Company (NYSE:F) is the most popular stock in this table. On the other hand Prudential Public Limited Company (ADR) (NYSE:PUK) is the least popular one with only 9 bullish hedge fund positions. ING Groep N.V. (ADR) (NYSE:ING) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard F might be a better candidate to consider a long position.