Hedge Funds Are Buying Great Western Bancorp Inc (GWB)

With a general bullishness amongst the heavyweights, specific money managers were breaking ground themselves. Samlyn Capital, managed by Robert Pohly, assembled the most outsized position in Great Western Bancorp Inc (NYSE:GWB), carrying a value of $29.7 million at the end of the quarter. Lee Munder’s Lee Munder Capital Group also initiated an $7.7 million position during the quarter. The other funds with brand new GWB positions are John Overdeck and David Siegel’s Two Sigma Advisors, Sharif Siddiqui’s Alpenglow Capital, and Ken Fisher’s Fisher Asset Management.

Let’s now take a look at hedge fund activity in other stocks similar to Great Western Bancorp Inc (NYSE:GWB). We will take a look at Polycom Inc (NASDAQ:PLCM), Evertec Inc (NYSE:EVTC), Cvent Inc (NYSE:CVT), and Mobile Mini Inc (NASDAQ:MINI). This group of stocks’ market valuations match GWB’s market valuation.

As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $174 million. That figure was $274 million in GWB’s case, a good sign. Polycom Inc (NASDAQ:PLCM) is the most popular stock in this table. On the other hand Mobile Mini Inc (NASDAQ:MINI) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Great Western Bancorp Inc (NYSE:GWB) 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.