Now, key elite funds have been driving this bullishness. Springbok Capital, led by Gavin Saitowitz and Cisco J. del Valle, created the most outsized position in Tilly’s Inc (NYSE:TLYS). Springbok Capital had $0.3 million invested in the company at the end of the quarter. Mike Vranos’s Ellington also made a $0.2 million investment in the stock during the quarter. The other funds with brand new TLYS positions are Chuck Royce’s Royce & Associates, Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners, and Ken Griffin’s Citadel Investment Group.
Let’s now review hedge fund activity in other stocks similar to Tilly’s Inc (NYSE:TLYS). These stocks are Limoneira Company (NASDAQ:LMNR), Tuesday Morning Corporation (NASDAQ:TUES), Clearfield, Inc. (NASDAQ:CLFD), and AgroFresh Solutions Inc (NASDAQ:AGFS). All of these stocks’ market caps match TLYS’s market cap.
|Ticker||No of HFs with positions||Total Value of HF Positions (x1000)||Change in HF Position|
As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $14 million. That figure was $10 million in TLYS’s case. AgroFresh Solutions Inc (NASDAQ:AGFS) is the most popular stock in this table. On the other hand Limoneira Company (NASDAQ:LMNR) is the least popular one with only 2 bullish hedge fund positions. Compared to these stocks Tilly’s Inc (NYSE:TLYS) 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.