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Camden Property Trust (CPT) Hedge Funds Are Snapping Up

As industrywide interest jumped, key hedge funds were breaking ground themselves. Echo Street Capital Management also initiated a $13.9 million position during the quarter. The following funds were also among the new CPT investors: Dmitry Balyasny’s Balyasny Asset Management, D E Shaw, and Matthew Tewksbury’s Stevens Capital Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Camden Property Trust (NYSE:CPT) but similarly valued. We will take a look at Fomento Economico Mexicano SAB (ADR) (NYSE:FMX), Crown Holdings, Inc. (NYSE:CCK), Scripps Networks Interactive, Inc. (NYSE:SNI), and Manpowergroup Inc (NYSE:MAN). All of these stocks’ market caps resemble Camden Property Trust (NYSE:CPT)’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
FMX 16 191566 2
CCK 30 582699 4
SNI 27 948182 -4
MAN 25 862877 -1

As you can see, these stocks had an average of 25 hedge funds with bullish positions and the average amount invested in these stocks was $646 million. That figure was $289 million in Camden Property Trust (NYSE:CPT)’s case. Crown Holdings, Inc. (NYSE:CCK) is the most popular stock in this table. On the other hand, Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) is the least popular one with only 16 bullish hedge fund positions. Camden Property Trust (NYSE:CPT) 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, Crown Holdings, Inc. (NYSE:CCK) might be a better candidate to consider a long position.

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