Do Hedge Funds Love Teva Pharmaceutical Industries Ltd (ADR) (TEVA)?

Because Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has witnessed bearish sentiment from the aggregate hedge fund industry, it’s easy to see that there is a sect of funds that decided to sell off their full holdings in the third quarter. Daniel S. Och’s OZ Management sold off the largest position of the 700 funds followed by Insider Monkey, valued at about $370.8 million in stock, and John Griffin’s Blue Ridge Capital was right behind this move, as the fund dumped about $71.1 million worth of shares.

Let’s go over hedge fund activity in other stocks similar to Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA). These stocks are EOG Resources Inc (NYSE:EOG), Canadian National Railway (USA) (NYSE:CNI), BHP Billiton Limited (ADR) (NYSE:BHP), and Honda Motor Co Ltd (ADR) (NYSE:HMC). This group of stocks’ market caps are closest to TEVA’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
EOG 51 1275879 15
CNI 17 1447565 -4
BHP 19 253041 2
HMC 11 150009 3

As you can see these stocks had an average of 25 hedge funds with bullish positions and the average amount invested in these stocks was $782 million. That figure was $4.26 billion in Teva Pharmaceutical’s case. EOG Resources Inc (NYSE:EOG) is the most popular stock in this table with 51 funds holding shares. On the other hand Honda Motor Co Ltd (ADR) (NYSE:HMC) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) 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.