Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Buying Delphi Automotive PLC (DLPH)

As aggregate interest increased, key hedge funds were leading the bulls’ herd. Balyasny Asset Management, managed by Dmitry Balyasny, initiated the most valuable position in Delphi Automotive PLC (NYSE:DLPH). Balyasny Asset Management had $40.3 million invested in the company at the end of the quarter. Joel Greenblatt’s Gotham Asset Management also made a $23 million investment in the stock during the quarter. The other funds with new positions in the stock are Ken Griffin’s Citadel Investment Group, Solomon Kumin’s Folger Hill Asset Management, and Matthew Lindenbaum’s Basswood Capital.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Delphi Automotive PLC (NYSE:DLPH) but similarly valued. These stocks are Tenaris S.A. (ADR) (NYSE:TS), Continental Resources, Inc. (NYSE:CLR), Mead Johnson Nutrition CO (NYSE:MJN), and Marriott International Inc (NYSE:MAR). All of these stocks’ market caps match DLPH’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
TS 10 170338 -3
CLR 44 712414 0
MJN 33 618764 5
MAR 48 2553585 12

As you can see these stocks had an average of 33.75 hedge funds with bullish positions and the average amount invested in these stocks was $1.01 billion. That figure was $650 million in DLPH’s case. Marriott International Inc (NYSE:MAR) is the most popular stock in this table. On the other hand Tenaris S.A. (ADR) (NYSE:TS) is the least popular one with only 10 bullish hedge fund positions. Delphi Automotive PLC (NYSE:DLPH) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard MAR might be a better candidate to consider a long position.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.