Hedge Funds Are Buying J2 Global Inc (JCOM)

As one would reasonably expect, specific money managers were leading the bulls’ herd. Hutchin Hill Capital, managed by Neil Chriss, established the largest position in J2 Global Inc (NASDAQ:JCOM). According to its latest 13F filing, the fund had $1.8 million invested in the company at the end of the quarter. Peter Algert and Kevin Coldiron’s Algert Coldiron Investors also initiated a $0.5 million position during the quarter. The other funds with new positions in the stock are Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital, Ken Griffin’s Citadel Investment Group, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s now take a look at hedge fund activity in other stocks similar to J2 Global Inc (NASDAQ:JCOM). These stocks are OneMain Holdings Inc (NYSE:OMF), Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC), Gerdau SA (ADR) (NYSE:GGB), and Valmont Industries, Inc. (NYSE:VMI). All of these stocks’ market caps resemble JCOM’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 $193 million. That figure was $184 million in JCOM’s case. Valmont Industries, Inc. (NYSE:VMI) is the most popular stock in this table. On the other hand Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC) is the least popular one with only 2 bullish hedge fund positions. Compared to these stocks J2 Global Inc (NASDAQ:JCOM) 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.

Disclosure: none.