Hedge Funds are Betting on These 5 Sliding Stocks

4. PNM Resources, Inc. (NYSE:PNM)

Number of Hedge Fund Holders: 40

Energy company PNM Resources, Inc. (NYSE:PNM) have lost about 13% year to date through December 4. A total of 40 hedge funds tracked by Insider Monkey reported owning stakes in PNM Resources, Inc. (NYSE:PNM).

The most significant stakeholder of PNM Resources, Inc. (NYSE:PNM) was Sander Gerber’s Hudson Bay Capital Management which owns a $119 million take in the company.