Hedge Funds Are Crazy About Global Brass and Copper Holdings Inc (BRSS)

With a general bullishness amongst the heavyweights, specific money managers were breaking ground themselves. PEAK6 Capital Management, managed by Matthew Hulsizer, created the most outsized call position in Global Brass and Copper Holdings Inc (NYSE:BRSS). PEAK6 Capital Management had $2.4 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also initiated a $0.9 million position during the quarter. The other funds with new positions in the stock are Joel Greenblatt’s Gotham Asset Management, and Ken Brodkowitz and Mike Vermut’s Newland Capital.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Global Brass and Copper Holdings Inc (NYSE:BRSS) but similarly valued. These stocks are San Juan Basin Royalty Trust (NYSE:SJT), MainSource Financial Group Inc. (NASDAQ:MSFG), CNinsure Inc. (ADR) (NASDAQ:CISG), and China Cord Blood Corp (NYSE:CO). All of these stocks’ market caps are closest to Global Brass and Copper Holdings Inc (NYSE:BRSS)’s market cap.

As you can see, these stocks had an average of 5 hedge funds with bullish positions and the average amount invested in these stocks was $21 million. That figure was $36 million in Global Brass and Copper Holdings Inc (NYSE:BRSS)’s case. San Juan Basin Royalty Trust (NYSE:SJT) is the most popular stock in this table. On the other hand, MainSource Financial Group Inc. (NASDAQ:MSFG) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks, Global Brass and Copper Holdings Inc (NYSE:BRSS) 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.