Cameron International Corporation (CAM): Are Hedge Funds Right About This Stock?

As one would reasonably expect, key money managers were breaking ground themselves. Paulson & Co established the largest position in Cameron International Corporation (NYSE:CAM). Pentwater Capital Management also initiated a $122.6 million position during the quarter. The other funds with brand new CAM positions are Robert Emil Zoellner’s Alpine Associates, Clint Carlson’s Carlson Capital, and Carl Tiedemann and Michael Tiedemann’s TIG Advisors.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Cameron International Corporation (NYSE:CAM) but similarly valued. We will take a look at Entergy Corporation (NYSE:ETR), Noble Energy, Inc. (NYSE:NBL), Hanesbrands Inc. (NYSE:HBI), and The Gap Inc. (NYSE:GPS). This group of stocks’ market values are closest to CAM’s market value.

As you can see these stocks had an average of 35 hedge funds with bullish positions and the average amount invested in these stocks was $1.11 billion. That figure was $1.78 billion in CAM’s case. Noble Energy, Inc. (NYSE:NBL) is the most popular stock in this table with a total of 44 funds reporting long positions. On the other hand Entergy Corporation (NYSE:ETR) is the least popular one with only 29 bullish hedge fund positions. Compared to these stocks Cameron International Corporation (NYSE:CAM) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.