Do Hedge Funds Love Och-Ziff Capital Management Group LLC (OZM)?

As aggregate interest increased, specific money managers have jumped into Och-Ziff Capital Management Group LLC (NYSE:OZM) headfirst. Kamunting Street Capital created the biggest position in Och-Ziff Capital Management Group LLC (NYSE:OZM), while Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital also initiated a $0.1 million position during the quarter. The only other fund with a new position in the stock is David Dreman’s Dreman Value Management.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Och-Ziff Capital Management Group LLC (NYSE:OZM) but similarly valued. These stocks are Great Plains Energy Incorporated (NYSE:GXP), Steel Dynamics, Inc. (NASDAQ:STLD), SolarCity Corp (NASDAQ:SCTY), and GoPro Inc (NASDAQ:GPRO). All of these stocks’ market caps resemble OZM’s market cap.

As you can see these stocks had an average of 22 hedge funds with bullish positions and the average amount invested in these stocks was $477 million. That figure was just $34 million in OZM’s case. SolarCity Corp (NASDAQ:SCTY) is the most popular stock in this table. On the other hand Great Plains Energy Incorporated (NYSE:GXP) is the least popular one with only 11 bullish hedge fund positions. Och-Ziff Capital Management Group LLC (NYSE:OZM) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard SCTY might be a better candidate to consider a long position.