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Do Hedge Funds Love WMIH Corp. (WMIH)?

As aggregate interest increased, specific money managers were breaking ground themselves. Daniel S. Och’s OZ Management initiated the most valuable position in WMIH Corp. (NASDAQ:WMIH). OZ Management had $1.2 million invested in the company at the end of the quarter. William Black’s Consector Capital also made a $0.6 million investment in the stock during the quarter. Two other funds with brand new WMIH positions are Ken Griffin’s Citadel Investment Group and Israel Englander’s Millennium Management.

Let’s now review hedge fund activity in other stocks similar to WMIH Corp. (NASDAQ:WMIH). We will take a look at Lion Biotechnologies Inc (NASDAQ:LBIO), ReTailMeNot Inc (NASDAQ:SALE), PTC Therapeutics, Inc. (NASDAQ:PTCT), and Fidelity Southern Corporation (NASDAQ:LION). All of these stocks’ market caps are similar to WMIH’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
LBIO 19 162742 2
SALE 17 55905 0
PTCT 15 81688 2
LION 11 39764 -1

As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $85 million. That figure was $119 million in WMIH’s case. Lion Biotechnologies Inc (NASDAQ:LBIO) is the most popular stock in this table, while Fidelity Southern Corporation (NASDAQ:LION) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks WMIH Corp. (NASDAQ:WMIH) 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.

Disclosure: none

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