Do Hedge Funds Love Martin Marietta Materials, Inc. (MLM)?

As aggregate interest increased, specific money managers have been driving this bullishness. Tudor Investment Corp, managed by Paul Tudor Jones, established the largest position in Martin Marietta Materials, Inc. (NYSE:MLM). Tudor Investment Corp had $9.3 million invested in the company at the end of the quarter. George Hall’s Clinton Group also initiated a $6.2 million position during the quarter. The other funds with brand new MLM positions are GLG Partners, Ed Bosek’s BeaconLight Capital, and John Fichthorn’s Dialectic Capital Management.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Martin Marietta Materials, Inc. (NYSE:MLM) but similarly valued. We will take a look at Banco de Chile (ADR) (NYSE:BCH), Alaska Air Group, Inc. (NYSE:ALK), Ralph Lauren Corp (NYSE:RL), and Kimco Realty Corp (NYSE:KIM). This group of stocks’ market values resemble MLM’s market value.

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 $550 million. That figure was $1.89 billion in MLM’s case. Alaska Air Group, Inc. (NYSE:ALK) is the most popular stock in this table with a total of 34 funds reporting long positions, while Banco de Chile (ADR) (NYSE:BCH) is the least popular one. Compared to these stocks Martin Marietta Materials, Inc. (NYSE:MLM) 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.