Do Hedge Funds Love Unilever N.V. (ADR) (UN)?

Due to the fact that Unilever N.V. (ADR) (NYSE:UN) has witnessed a decline in interest from hedge fund managers, it’s safe to say that there lies a certain “tier” of funds who sold off their positions entirely last quarter. Interestingly, David Costen Haley’s HBK Investments dumped the largest stake of all the hedgies watched by Insider Monkey, valued at an estimated $3.3 million in stock. John Overdeck and David Siegel’s fund, Two Sigma Advisors, also dumped its stock, about $1.1 million worth.

Let’s check out hedge fund activity in other stocks similar to Unilever N.V. (ADR) (NYSE:UN). These stocks are Citigroup Inc. (NYSE:C), UnitedHealth Group Inc. (NYSE:UNH), Amgen, Inc. (NASDAQ:AMGN), and Altria Group Inc (NYSE:MO). All of these stocks’ market caps match UN’s market cap.

As you can see these stocks had an average of 62 hedge funds with bullish positions and the average amount invested in these stocks was $3761 million. That figure was $954 million in UN’s case. Citigroup Inc. (NYSE:C) is the most popular stock in this table. On the other hand Altria Group Inc (NYSE:MO) is the least popular one with only 40 bullish hedge fund positions. Compared to these stocks Unilever N.V. (ADR) (NYSE:UN) is even less popular than MO. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

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