Hedge Funds Are Buying Bruker Corporation (BRKR)

Now, specific money managers have been driving this bullishness. Arrowstreet Capital assembled the biggest position in Bruker Corporation (NASDAQ:BRKR). Arrowstreet Capital had $5 million invested in the company at the end of the quarter. Jacob Gottlieb’s Visium Asset Management also initiated a $2.5 million position during the quarter. The following funds were also among the new Bruker Corporation (NASDAQ:BRKR) investors: Ken Gray and Steve Walsh’s Bryn Mawr Capital, Ken Griffin’s Citadel Investment Group, and Ray Dalio’s Bridgewater Associates.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Bruker Corporation (NASDAQ:BRKR) but similarly valued. We will take a look at Care Capital Properties Inc (NYSE:CCP), Sunstone Hotel Investors Inc (NYSE:SHO), Bank of Hawaii Corporation (NYSE:BOH), and Chimera Investment Corporation (NYSE:CIM). This group of stocks’ market caps matches Bruker Corporation (NASDAQ:BRKR)’s market cap.

As you can see, these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $124 million. That figure was $138 million in Bruker Corporation (NASDAQ:BRKR)’s case. Chimera Investment Corporation (NYSE:CIM) is the most popular stock in this table. On the other hand, Bank of Hawaii Corporation (NYSE:BOH) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks, Bruker Corporation (NASDAQ:BRKR) 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.