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Hedge Funds Are Crazy About Electronic Arts Inc. (EA)

As industrywide interest jumped, key hedge funds were breaking ground themselves. Marshall Wace LLP, managed by Paul Marshall and Ian Wace, initiated the most valuable position in Electronic Arts Inc. (NASDAQ:EA). Marshall Wace LLP had $43.2 million invested in the company at the end of the quarter. Wojciech Uzdelewicz’s Espalier Global Management also made a $5.1 million investment in the stock during the quarter. The other funds with new positions in the stock are Andrew Sandler’s Sandler Capital Management, Matthew Tewksbury’s Stevens Capital Management, and Van Schreiber’s Bennett Lawrence Management.

Let’s go over hedge fund activity in other stocks similar to Electronic Arts Inc. (NASDAQ:EA). These stocks are Corning Incorporated (NYSE:GLW), Energy Transfer Partners LP (NYSE:ETP), Nomura Holdings, Inc. (ADR) (NYSE:NMR), and Sherwin-Williams Company (NYSE:SHW). All of these stocks’ market caps resemble Electronic Arts Inc. (NASDAQ:EA)’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
GLW 38 957931 -1
ETP 18 470439 0
NMR 8 9430 1
SHW 45 1610614 10

As you can see, these stocks had an average of 27 hedge funds with bullish positions and the average amount invested in these stocks was $762 million. That figure was $2.38 billion in Electronic Arts Inc. (NASDAQ:EA)’s case. Sherwin-Williams Company (NYSE:SHW) is the most popular stock in this table. On the other hand, Nomura Holdings, Inc. (ADR) (NYSE:NMR) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks, Electronic Arts Inc. (NASDAQ:EA) 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.

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