Berry Plastics Group Inc (BERY): Are Hedge Funds Right About This Stock?

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A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period that ended September 30, so let’s proceed with the discussion of the hedge fund sentiment on Berry Plastics Group Inc (NYSE:BERY).

So, is Berry Plastics Group Inc (NYSE:BERY) a buy here? Prominent investors are becoming less confident, as the number of long hedge fund positions decreased by seven in recent months. At the end of this article we will also compare BERY to other stocks including Skechers USA Inc (NYSE:SKX), MDU Resources Group Inc (NYSE:MDU), and Energen Corporation (NYSE:EGN) to get a better sense of its popularity.

Follow Berry Global Group Inc. (NYSE:BERY)

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Keeping this in mind, let’s take a glance at the key action regarding Berry Plastics Group Inc (NYSE:BERY).

What have hedge funds been doing with Berry Plastics Group Inc (NYSE:BERY)?

During the third quarter, the number of investors tracked by Insider Monkey bullish on Berry Plastics Group declined by 13% to 46. With hedgies’ capital changing hands, there exists a few noteworthy hedge fund managers who were increasing their holdings considerably (or already accumulated large positions).


According to Insider Monkey’s hedge fund database, Robert Polak’s Anchor Bolt Capital has the most valuable position in Berry Plastics Group Inc (NYSE:BERY), worth close to $224 million, comprising 6.9% of its total 13F portfolio. The second most bullish fund manager is Canyon Capital Advisors, managed by Joshua Friedman and Mitchell Julis, which holds a $156.5 million position; the fund has 5.7% of its 13F portfolio invested in the stock. Remaining members of the smart money with similar optimism include Robert Boucai’s Newbrook Capital Advisors, Joshua Kaufman and Craig Nerenberg’s Brenner West Capital Partners, and Martin D. Sass’ MD Sass.

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