Do Hedge Funds Love Alexandria Real Estate Equities Inc (ARE)?

Consequently, some big names have been driving this bullishness. Winton Capital Management, managed by David Harding, initiated the largest position in Alexandria Real Estate Equities Inc (NYSE:ARE). Winton Capital Management had $10.2 million invested in the company at the end of the quarter. D E Shaw also initiated a $3.8 million position during the quarter. The other funds with new positions in the stock are Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners, George Hall’s Clinton Group, and Chao Ku’s Nine Chapters Capital Management.

Let’s now review hedge fund activity in other stocks similar to Alexandria Real Estate Equities Inc (NYSE:ARE). We will take a look at WABCO Holdings Inc. (NYSE:WBC), EQT GP Holdings LP (NYSE:EQGP), American Financial Group (NYSE:AFG), and W.P. Carey Inc. REIT (NYSE:WPC). This group of stocks’ market caps are closest to ARE’s market cap.

As you can see these stocks had an average of 17 hedge funds with bullish positions and the average amount invested in these stocks was $383 million. That figure was $110 million in ARE’s case. WABCO Holdings Inc. (NYSE:WBC) is the most popular stock in this table. On the other hand EQT GP Holdings LP (NYSE:EQGP) is the least popular one with only 5 bullish hedge fund positions. Alexandria Real Estate Equities Inc (NYSE:ARE) 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 WBC might be a better candidate to consider a long position.