Hedge Funds Are Buying Liberty Global PLC. (LBTYA)

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Consequently, some big names have been driving this bullishness. Viking Global, managed by Andreas Halvorsen, assembled the most valuable position in Liberty Global plc. (NASDAQ:LBTYA). Viking Global had $95.2 million invested in the company at the end of the quarter. Jonathon Jacobson’s Highfields Capital Management also made a $68.4 million investment in the stock during the third quarter. The other funds with brand new LBTYA positions are Ken Griffin’s Citadel Investment Group, Jeffrey Bronchick’s Cove Street Capital, and Benjamin A. Smith’s Laurion Capital Management.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Liberty Global plc. (NASDAQ:LBTYA) but similarly valued. These stocks are Royal Bank of Scotland Group plc (ADR) (NYSE:RBS), Eaton Corporation, PLC Ordinary Shares (NYSE:ETN), Health Care REIT, Inc. (NYSE:HCN), and Anadarko Petroleum Corporation (NYSE:APC). This group of stocks’ market valuations are closest to LBTYA’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
RBS 10 20902 1
ETN 38 668498 5
HCN 20 709585 0
APC 65 3899227 17

As you can see these stocks had an average of 33 funds with bullish positions and the average amount invested in these stocks was $1.33 billion. That figure was $2.09 billion in LBTYA’s case. With 65 funds holding shares, Anadarko Petroleum Corporation (NYSE:APC) is the most popular stock in this table. On the other hand, Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) is the least popular one with only 10 bullish hedge fund positions. Liberty Global plc. (NASDAQ:LBTYA) 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 Anadarko Petroleum Corporation (NYSE:APC) might be a better candidate to consider a long position.

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Disclosure: None




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