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Hedge Funds Are Betting On Buffalo Wild Wings (BWLD)

As one would reasonably expect, some big names were leading the bulls’ herd. Marcato Capital Management, managed by Richard McGuire, initiated the most valuable position in Buffalo Wild Wings (NASDAQ:BWLD). According to regulatory filings, Marcato Capital had $133.7 million invested in the company at the end of the quarter. Seth Rosen’s Nitorum Capital also made a $10.1 million investment in the stock during the quarter. The other funds with brand new BWLD positions are Ken Griffin’s Citadel Investment Group, George Hall’s Clinton Group, and Clint Carlson’s Carlson Capital.

Let’s now take a look at hedge fund activity in other stocks similar to Buffalo Wild Wings (NASDAQ:BWLD). These stocks are Science Applications International Corp (NYSE:SAIC), United Bankshares, Inc. (NASDAQ:UBSI), Sunstone Hotel Investors Inc (NYSE:SHO), and Methanex Corporation (USA) (NASDAQ:MEOH). This group of stocks’ market caps match BWLD’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SAIC 15 80466 -1
UBSI 8 38600 2
SHO 7 22255 -2
MEOH 17 107936 7

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $62 million. That figure was an impressive $369 million in BWLD’s case. Methanex Corporation (USA) (NASDAQ:MEOH) is the most popular stock in this table. On the other hand Sunstone Hotel Investors Inc (NYSE:SHO) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks Buffalo Wild Wings (NASDAQ:BWLD) 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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