Hedge Funds Are Crazy About Dell Technologies Inc (DVMT)

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As aggregate interest increased, key hedge funds were leading the bulls’ herd. JANA Partners, led by Barry Rosenstein, created the most outsized position in Dell Technologies Inc (NYSE:DVMT). According to its latest 13F filing, the fund had $144 million invested in the company at the end of the quarter. Scott Ferguson’s Sachem Head Capital also made a $112 million investment in the stock during the quarter.

Let’s now take a look at hedge fund activity in other stocks similar to Dell Technologies Inc (NYSE:DVMT). We will take a look at Annaly Capital Management, Inc. (NYSE:NLY), Restaurant Brands International Inc (NYSE:QSR), Discovery Communications Inc. (NASDAQ:DISCK), and SCANA Corporation (NYSE:SCG). This group of stocks’ market valuations are closest to DVMT’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
NLY 13 120034 -4
QSR 32 3143758 1
DISCK 21 280090 -3
SCG 18 254061 2

As you can see these stocks had an average of 21 hedge funds with bullish positions and the average amount invested in these stocks was $949 million. That figure was an impressive $3.59 billion in DVMT’s case. Restaurant Brands International Inc (NYSE:QSR) is the most popular stock in this table. On the other hand Annaly Capital Management, Inc. (NYSE:NLY) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks Dell Technologies Inc (NYSE:DVMT) 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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