Hedge Funds Are Buying Post-IPO Nutanix Inc. (NTNX)

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Now, key hedge funds were leading the bulls’ herd. Israel Englander’s Millennium Management was also among the other hedge funds that jumped into the stock. In its latest 13F filing, the fund reported ownership of 200,229 shares valued at $7.41 million. Daniel S. Och’s OZ Management also established a 6.48 million position, having amassed 175,000 shares by the end of the third quarter. The following funds were also among the new NTNX investors: Ken Griffin’s Citadel Investment Group, Anand Parekh’s Alyeska Investment Group and Spencer M. Waxman’s Shannon River Fund Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Nutanix Inc. (NASDAQ:NTNX) but similarly valued. These stocks are Israel Chemicals Ltd. (NYSE:ICL), Carlyle Group LP (NASDAQ:CG), Royal Gold, Inc USA) (NASDAQ:RGLD), and Scotts Miracle-Gro Co (NYSE:SMG). This group of stocks’ market values match NTNX’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ICL 4 3555 1
CG 11 90845 1
RGLD 19 192207 2
SMG 20 226331 -4

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $128 million. That figure was $89 million in NTNX’s case. Scotts Miracle-Gro Co (NYSE:SMG) is the most popular stock in this table. On the other hand Israel Chemicals Ltd. (NYSE:ICL) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Nutanix Inc. (NASDAQ:NTNX) 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.

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