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AES Corp (AES): Are Hedge Funds Right About This Stock?

As aggregate interest increased, some big names were breaking ground themselves. Marshall Wace LLP, managed by Paul Marshall and Ian Wace, established the most valuable position in AES Corp (NYSE:AES). Marshall Wace LLP had $5.4 million invested in the company at the end of the quarter. Alex Snow’s Lansdowne Partners also initiated a $5.3 million position during the quarter. The following funds were also among the new AES investors: David Costen Haley’s HBK Investments, Mike Vranos’ Ellington, and Ken Griffin’s Citadel Investment Group.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as AES Corp (NYSE:AES) but similarly valued. We will take a look at Synopsys, Inc. (NASDAQ:SNPS), Harley-Davidson, Inc. (NYSE:HOG), Regency Centers Corp (NYSE:REG), and Coca-Cola Enterprises Inc (NYSE:CCE). All of these stocks’ market caps resemble AES’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SNPS 22 417138 1
HOG 26 521854 6
REG 11 165475 5
CCE 32 978088 -8

As you can see these stocks had an average of 23 hedge funds with bullish positions and the average amount invested in these stocks was $521 million. That figure was $108 million in AES’s case. Coca-Cola Enterprises Inc (NYSE:CCE) is the most popular stock in this table. On the other hand Regency Centers Corp (NYSE:REG) is the least popular one with only 11 bullish hedge fund positions. AES Corp (NYSE:AES) 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 CCE might be a better candidate to consider a long position in.

Disclosure: None

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