Wyndham Worldwide Corporation (WYN): Are Hedge Funds Right About This Stock?

As industrywide interest jumped, specific money managers were breaking ground themselves. Manikay Partners, managed by Shane Finemore, created the biggest position in Wyndham Worldwide Corporation (NYSE:WYN). Manikay Partners had $12.9 million invested in the company at the end of the quarter. Ken Heebner’s Capital Growth Management also made a $9.3 million investment in the stock during the quarter. The following funds were also among the new WYN investors: Neil Chriss’ Hutchin Hill Capital, Julian Robertson’s Tiger Management, and Paul Tudor Jones’ Tudor Investment Corp.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Wyndham Worldwide Corporation (NYSE:WYN) but similarly valued. We will take a look at PVH Corp (NYSE:PVH), L-3 Communications Holdings, Inc. (NYSE:LLL), Total System Services, Inc. (NYSE:TSS), and Lear Corporation (NYSE:LEA). This group of stocks’ market values match WYN’s market value.

As you can see these stocks had an average of 29.5 hedge funds with bullish positions and the average amount invested in these stocks was $641 million. That figure was $1046 million in WYN’s case. Lear Corporation (NYSE:LEA) is the most popular stock in this table. On the other hand L-3 Communications Holdings, Inc. (NYSE:LLL) is the least popular one with only 18 bullish hedge fund positions. Wyndham Worldwide Corporation (NYSE:WYN) 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 LEA might be a better candidate to consider a long position.