Do Hedge Funds Love HCA Holdings Inc (HCA)?

Seeing as HCA Holdings Inc (NYSE:HCA) has experienced bearish sentiment from hedge fund managers, we can see that there were a few funds that decided to sell off their full holdings last quarter. Interestingly, Stephen Mandel’s Lone Pine Capital dumped the biggest stake of the “upper crust” of funds followed by Insider Monkey, valued at close to $454.3 million in call options.. Brian Taylor’s fund, Pine River Capital Management, also dumped its call options., about $118.2 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest dropped by 12 funds last quarter.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as HCA Holdings Inc (NYSE:HCA) but similarly valued. We will take a look at Enbridge Inc (USA) (NYSE:ENB), Canon Inc. (ADR) (NYSE:CAJ), Precision Castparts Corp. (NYSE:PCP), and Tesla Motors Inc (NASDAQ:TSLA). This group of stocks’ market values match HCA’s market value.

As you can see these stocks had an average of 30 hedge funds with bullish positions and the average amount invested in these stocks was $1,961 million. That figure was $3,752 million in HCA’s case. Precision Castparts Corp. (NYSE:PCP) is the most popular stock in this table. On the other hand Canon Inc. (ADR) (NYSE:CAJ) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks HCA Holdings Inc (NYSE:HCA) 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 despite the number of funds long the stock dropping by 12.