Hedge Funds Are Betting On Schweitzer-Mauduit International, Inc. (SWM)

As industrywide interest jumped, specific money managers have jumped into Schweitzer-Mauduit International, Inc. (NYSE:SWM) headfirst. Highbridge Capital Management assembled the most outsized position in Schweitzer-Mauduit International, Inc. (NYSE:SWM). Highbridge Capital Management had $3 million invested in the company at the end of the quarter. John Overdeck and David Siegel’s Two Sigma Advisors also made a $2.2 million investment in the stock during the quarter. The other funds with new positions in the stock are Neil Chriss’ Hutchin Hill Capital, David Costen Haley’s HBK Investments, and Mike Vranos’ Ellington.

Let’s go over hedge fund activity in other stocks similar to Schweitzer-Mauduit International, Inc. (NYSE:SWM). These stocks are AAON, Inc. (NASDAQ:AAON), Navistar International Corp (NYSE:NAV), Sonic Automotive Inc (NYSE:SAH), and Ruckus Wireless Inc (NYSE:RKUS). All of these stocks’ market caps are closest to SWM’s market cap.

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $201 million, which is higher than the $101 million in SWM’s case. Navistar International Corp (NYSE:NAV) is the most popular stock in this table. On the other hand AAON, Inc. (NASDAQ:AAON) is the least popular one with only 8 bullish hedge fund positions. Schweitzer-Mauduit International, Inc. (NYSE:SWM) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard NAV might be a better candidate to consider a long position.