Baozun Inc (ADR) (BZUN): Does It Stack Up To Its Peers?

With general bullishness amongst the heavyweights, some big names were breaking ground themselves. Jim Simons’ Renaissance Technologies initiated the largest position in Baozun Inc (ADR) (NASDAQ:BZUN). Renaissance Technologies had $1.4 million invested in the company at the end of the quarter. Mike Vranos’ Ellington also initiated a $0.7 million position during the quarter. The other funds with brand new BZUN positions are Matthew Hulsizer’s PEAK6 Capital Management, John Overdeck and David Siegel’s Two Sigma Advisors, and Ken Griffin’s Citadel Investment Group.

Let’s now review hedge fund activity in other stocks similar to Baozun Inc (ADR) (NASDAQ:BZUN). We will take a look at Energous Corp (NASDAQ:WATT), KMG Chemicals, Inc. (NYSE:KMG), ChannelAdvisor Corp (NYSE:ECOM), and Pacific Continental Corporation (NASDAQ:PCBK). This group of stocks’ market caps match BZUN’s market cap.

As you can see these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $36 million. That figure was $22 million in BZUN’s case. KMG Chemicals, Inc. (NYSE:KMG) is the most popular stock in this table. On the other hand Energous Corp (NASDAQ:WATT) is the least popular one with only 5 bullish hedge fund positions. Baozun Inc (ADR) (NASDAQ:BZUN) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard KMG and ECOM might be better candidates to consider taking a long position in.

Disclosure: None