Do Hedge Funds Love TFS Financial Corporation (TFSL)?

As aggregate interest increased, key money managers have jumped into TFS Financial Corporation (NASDAQ:TFSL) headfirst. Highbridge Capital Management, led by Glenn Russell Dubin, initiated the biggest position in TFS Financial Corporation (NASDAQ:TFSL). Highbridge Capital Management had $0.7 million invested in the company at the end of the quarter. Matthew Tewksbury’s Stevens Capital Management also made a $0.3 million investment in the stock during the quarter. The only other fund with a new position in the stock is Matthew Hulsizer’s PEAK6 Capital Management.

Let’s also examine hedge fund activity in other stocks similar to TFS Financial Corporation (NASDAQ:TFSL). These stocks are NewMarket Corporation (NYSE:NEU), H&R Block, Inc. (NYSE:HRB), Nutanix Inc. (NASDAQ:NTNX), and Israel Chemicals Ltd. (NYSE:ICL). All of these stocks’ market caps match TFSL’s market cap.

As you can see these stocks had an average of 17 hedge funds with bullish positions and the average amount invested in these stocks was $88 million. That figure was $162 million in TFSL’s case. Nutanix Inc. (NASDAQ:NTNX) is the most popular stock in this table. On the other hand Israel Chemicals Ltd. (NYSE:ICL) is the least popular one with only 4 bullish hedge fund positions. TFS Financial Corporation (NASDAQ:TFSL) 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 NTNX might be a better candidate to consider taking a long position in.

Disclosure: None