Hedge Funds Are Buying HFF, Inc. (HF)

Consequently, specific money managers have jumped into HFF, Inc. (NYSE:HF) headfirst. Millennium Management initiated the biggest position in HFF, Inc. (NYSE:HF). Millennium Management had $5.4 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also made a $2.1 million investment in the stock during the quarter. The other funds with new positions in the stock are Mike Vranos’s Ellington, Joel Greenblatt’s Gotham Asset Management, and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

Let’s go over hedge fund activity in other stocks similar to HFF, Inc. (NYSE:HF). We will take a look at United Community Banks Inc (NASDAQ:UCBI), Global Blood Therapeutics Inc (NASDAQ:GBT), Multi-Color Corporation (NASDAQ:LABL), and M.D.C. Holdings, Inc. (NYSE:MDC). This group of stocks’ market caps resemble HF’s market cap.

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $147 million. That figure was $77 million in HF’s case. United Community Banks Inc (NASDAQ:UCBI) is the most popular stock in this table with 15 funds holding shares of the company. On the other hand M.D.C. Holdings, Inc. (NYSE:MDC) is the least popular one. Compared to these stocks, HFF, Inc. (NYSE:HF) 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.