Do Hedge Funds Love Colony Capital Inc (CLNY)?

Judging by the fact that CLNY has sustained a decline in interest from the smart money, it’s easy to see that there is a sect of hedge funds who were dropping their full holdings heading into Q4. Interestingly, Alok Agrawal’s Bloom Tree Partners got rid of the biggest position of all the hedgies monitored by Insider Monkey, totaling an estimated $18.3 million in stock. Paul Marshall and Ian Wace’s fund, Marshall Wace LLP, also dropped its stock, about $14.2 million worth.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as CLNY but similarly valued. We will take a look at Chemtura Corp (NYSE:CHMT), CBL & Associates Properties, Inc. (NYSE:CBL), Oasis Petroleum Inc. (NYSE:OAS), and Vishay Intertechnology (NYSE:VSH). All of these stocks’ market caps are similar to CLNY’s market cap.

As you can see these stocks had an average of 21 hedge funds with bullish positions and the average amount invested in these stocks was $330 million. That figure was $321 million in CLNY’s case. Oasis Petroleum Inc. (NYSE:OAS) is the most popular stock in this table. On the other hand CBL & Associates Properties, Inc. (NYSE:CBL) is the least popular one with only 11 bullish hedge fund positions. CLNY 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 OAS might be a better candidate to consider taking a long position in.

Disclosure: None