Hedge Funds Are Buying C.H. Robinson Worldwide, Inc. (CHRW)

As aggregate interest increased, specific money managers have jumped into C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) headfirst. Luminus Management, managed by Jonathan Barrett and Paul Segal, established the largest position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW). Luminus Management had $38 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $7.8 million position during the quarter. The following funds were also among the new CHRW investors: Charles Davidson’s Wexford Capital, Solomon Kumin’s Folger Hill Asset Management, and Roger Ibbotson’s Zebra Capital Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) but similarly valued. These stocks are Pearson PLC (ADR) (NYSE:PSO), Citizens Financial Group Inc (NYSE:CFG), Pentair, Ltd. Registered Share (NYSE:PNR), and Cintas Corporation (NASDAQ:CTAS). All of these stocks’ market caps match CHRW’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
PSO 6 34642 0
CFG 46 1113566 -6
PNR 18 1032360 -5
CTAS 33 587766 6

As you can see these stocks had an average of 25.75 hedge funds with bullish positions and the average amount invested in these stocks was $692 million. That figure was $443 million in CHRW’s case. Citizens Financial Group Inc (NYSE:CFG) is the most popular stock in this table. On the other hand Pearson PLC (ADR) (NYSE:PSO) is the least popular one with only 6 bullish hedge fund positions. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) 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 CFG might be a better candidate to consider a long position.

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Disclosure: None