Do Hedge Funds Love JPMorgan Chase & Co. (JPM)?

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Judging by the fact that JPMorgan Chase & Co. (NYSE:JPM) has witnessed bearish sentiment from the entirety of the hedge funds we track, it’s easy to see that there were a few hedgies who sold off their positions entirely by the end of the third quarter. At the top of the heap, Robert Pohly’s Samlyn Capital cut the largest investment of all the funds tracked by Insider Monkey, worth an estimated $159.1 million in call options.. Ken Griffin’s fund, Citadel Investment Group, also dropped its call options, about $87.5 million worth. These bearish behaviors are interesting, as total hedge fund interest dropped by 1 funds by the end of the third quarter.

Let’s check out hedge fund activity in other stocks similar to JPMorgan Chase & Co. (NYSE:JPM). We will take a look at The Procter & Gamble Company (NYSE:PG), Pfizer Inc. (NYSE:PFE), Anheuser-Busch InBev NV (ADR) (NYSE:BUD), and Royal Dutch Shell plc (ADR) (NYSE:RDS). This group of stocks’ market caps are similar to JPM’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
PG 71 20098044 15
PFE 83 5499374 -11
BUD 32 5851359 -3
RDS 34 955466 -3

As you can see these stocks had an average of 55 hedge funds with bullish positions and the average amount invested in these stocks was $8.10 billion. That figure was $7.61 billion in JPM’s case. Pfizer Inc. (NYSE:PFE) is the most popular stock in this table. On the other hand Anheuser-Busch InBev NV (ADR) (NYSE:BUD) is the least popular one with only 32 bullish hedge fund positions. Compared to these stocks JPMorgan Chase & Co. (NYSE:JPM) 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.

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