Hedge Funds Are Betting On J.B. Hunt Transport Services, Inc. (JBHT)

As one would reasonably expect, some big names were breaking ground themselves. Lodge Hill Capital, managed by Clint Murray, established the biggest position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT). The fund reportedly had $11.5 million invested in the company at the end of the quarter. Jonathan Barrett and Paul Segal’s Luminus Management also made a $10.6 million investment in the stock during the quarter. The other funds with new positions in the stock are Phill Gross and Robert Atchinson’s Adage Capital Management, Joel Greenblatt’s Gotham Asset Management, and Paul Orlin and Alex Porter’s Amici Capital.

Let’s also examine hedge fund activity in other stocks similar to J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT). We will take a look at Pembina Pipeline Corp (NYSE:PBA), F5 Networks, Inc. (NASDAQ:FFIV), InterContinental Hotels Group PLC (ADR) (NYSE:IHG), and Michael Kors Holdings Ltd (NYSE:KORS). This group of stocks’ market valuations are similar to JBHT’s market valuation.

As you can see these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $412 million. That figure was $337 million in JBHT’s case. Michael Kors Holdings Ltd (NYSE:KORS) is the most popular stock in this table. On the other hand Pembina Pipeline Corp (NYSE:PBA) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) 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.