Do Hedge Funds Love Grupo Aeroportuario del Centro Nort (ADR) (OMAB)?

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Grupo Aeroportuario del Centro Nort (ADR) (NASDAQ:OMAB) shares haven’t seen a lot of action during the third quarter. Overall, hedge fund sentiment was unchanged. The stock was in 5 hedge funds’ portfolios at the end of September. Considering that the shares of Grupo Aeroportuario del Centro Nort (ADR) (NASDAQ:OMAB) were up 1.04% during the quarter, it might explain the passive hedge fund reaction. However, we will cover the hedge funds holding stake in Grupo Aeroportuario del Centro Nort (ADR) (NASDAQ:OMAB) at the end of September.

To understand the hedge fund sentiment, we will also compare Grupo Aeroportuario del Centro Nort (ADR) (NASDAQ:OMAB) to other stocks, including Summit Materials Inc (NYSE:SUM), Chemtura Corp (NYSE:CHMT), and On Assignment, Inc. (NYSE:ASGN) to get a better sense of its popularity.

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With all of this in mind, let’s analyze the fresh action regarding Grupo Aeroportuario del Centro Nort (ADR) (NASDAQ:OMAB).

How are hedge funds trading Grupo Aeroportuario del Centro Nort (ADR) (NASDAQ:OMAB)?

At the end of the third quarter, a total of 5 of the hedge funds tracked by Insider Monkey were long this stock, unchanged from the previous quarter. With hedgies’ capital changing hands, there exists an “upper tier” of key hedge fund managers who were increasing their stakes considerably (or already accumulated large positions).

According to Insider Monkey’s hedge fund and institutional investor database, Renaissance Technologies holds the most valuable position in Grupo Aeroportuario del Centro Nort (ADR) (NASDAQ:OMAB). Renaissance Technologies has a $6.1 million position in the stock, comprising less than 0.1% of its 13F portfolio. The second largest stake is held by Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, which holds a $5.7 million position; less than 0.1% of its 13F portfolio is allocated to the stock. Some other peers that are bullish contain Richard Driehaus’ Driehaus Capital, Israel Englander’s Millennium Management, and Chao Ku’s Nine Chapters Capital Management.