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Do Hedge Funds Love Sherwin-Williams Co (SHW)?

As industrywide interest jumped, key money managers were breaking ground themselves. Point State Capital, managed by Zach Schreiber, assembled the largest position in Sherwin-Williams Co (NYSE:SHW). Point State Capital had $81.1 million invested in the company at the end of the quarter. Doug Silverman and Alexander Klabin’s Senator Investment Group also made a $41.5 million investment in the stock during the quarter. The other funds with brand new SHW positions are Phill Gross and Robert Atchinson’s Adage Capital Management, Jonathan Barrett and Paul Segal’s Luminus Management, and Paul Tudor Jones’s Tudor Investment Corp.

Let’s now take a look at hedge fund activity in other stocks similar to Sherwin-Williams Co (NYSE:SHW). We will take a look at LIBERTY GLOBAL PLC (NASDAQ:LBTYK), Manulife Financial Corporation (USA) (NYSE:MFC), Equinix Inc (NASDAQ:EQIX), and eBay Inc (NASDAQ:EBAY). This group of stocks’ market valuations are closest to SHW’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
LBTYK 56 5713173 -4
MFC 13 197047 -3
EQIX 42 2131549 1
EBAY 53 3708761 -5

As you can see these stocks had an average of 41 hedge funds with bullish positions and the average amount invested in these stocks was $2.93 billion. That figure was $2.23 billion in SHW’s case. LIBERTY GLOBAL PLC (NASDAQ:LBTYK) is the most popular stock in this table. On the other hand Manulife Financial Corporation (USA) (NYSE:MFC) is the least popular one with only 13 bullish hedge fund positions. Sherwin-Williams Co (NYSE:SHW) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard LBTYK might be a better candidate to consider a long position.

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