Do Hedge Funds Love AbbVie Inc (ABBV)?

Page 3 of 3

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as AbbVie Inc (NYSE:ABBV) but similarly valued. We will take a look at BP plc (ADR) (NYSE:BP), SAP AG (ADR) (NYSE:SAP), Celgene Corporation (NASDAQ:CELG), and Eli Lilly & Co. (NYSE:LLY). This group of stocks’ market caps resemble ABBV’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
BP 32 749300 -3
SAP 8 622237 -3
CELG 64 2236703 2
LLY 54 2080790 7

As you can see these stocks had an average of 40 hedge funds with bullish positions and the average amount invested in these stocks was $1.42 billion. That figure was $5.29 billion in ABBV’s case. Celgene Corporation (NASDAQ:CELG) is the most popular stock in this table. On the other hand SAP AG (ADR) (NYSE:SAP) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks AbbVie Inc (NYSE:ABBV) 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.

Disclosure: None

Page 3 of 3