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Hedge Fund Sentiment Has This To Say About White Mountains Insurance Group Ltd (WTM)

With general bullishness amongst the heavyweights, key money managers were breaking ground themselves. Citadel Investment Group, managed by Ken Griffin, created the most outsized position in White Mountains Insurance Group Ltd (NYSE:WTM). Citadel Investment Group had $7.9 million invested in the company at the end of the quarter. Peter Muller’s PDT Partners also made a $2.8 million investment in the stock during the quarter. The only other fund with a brand new White Mountains Insurance Group Ltd position is Dmitry Balyasny’s Balyasny Asset Management.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as White Mountains Insurance Group Ltd (NYSE:WTM) but similarly valued. We will take a look at NewMarket Corporation (NYSE:NEU), Tempur-Pedic International Inc. (NYSE:TPX), PacWest Bancorp (NASDAQ:PACW), and Brunswick Corporation (NYSE:BC). All of these stocks’ market caps are similar to White Mountains Insurance Group Ltd’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
NEU 14 78339 0
TPX 34 1212492 7
PACW 20 231687 -2
BC 31 321515 3

As you can see these stocks had an average of 24.75 hedge funds with bullish positions and the average amount invested in these stocks was $461 million. That figure was $246 million in White Mountains Insurance Group Ltd’s case. Tempur-Pedic International Inc. (NYSE:TPX) is the most popular stock in this table. On the other hand NewMarket Corporation (NYSE:NEU) is the least popular one with only 14 bullish hedge fund positions. White Mountains Insurance Group Ltd (NYSE:WTM) is not the least popular stock in this group but hedge fund interest is still below average, as is the amount of money invested in it. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Tempur-Pedic International Inc. might be a better candidate to consider for a long position.

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