Hedge Funds Are Betting On Rudolph Technologies Inc (RTEC)

Now, key hedge funds were leading the bulls’ herd. PEAK6 Capital Management, managed by Matthew Hulsizer, created the most outsized call position in Rudolph Technologies Inc (NYSE:RTEC). PEAK6 Capital Management had $3.4 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also made a $1.9 million investment in the stock during the quarter. The following funds were also among the new RTEC investors: Peter Algert and Kevin Coldiron’s Algert Coldiron Investors, Cliff Asness’ AQR Capital Management, and Mike Vranos’ Ellington.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Rudolph Technologies Inc (NYSE:RTEC) but similarly valued. These stocks are Peoples Bancorp Inc. (NASDAQ:PEBO), JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), Almost Family, Inc. (NASDAQ:AFAM), and ORBCOMM Inc (NASDAQ:ORBC). This group of stocks’ market valuations resemble RTEC’s market valuation.

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $53 million. That figure was $46 million in RTEC’s case. Almost Family, Inc. (NASDAQ:AFAM) is the most popular stock in this table with 13 funds holding shares. On the other hand JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Rudolph Technologies Inc (NYSE:RTEC) 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.