Hedge Funds Are Crazy About Janus Capital Group Inc (JNS)

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As industrywide interest jumped, key money managers were breaking ground themselves. Millennium Management created the most valuable position in Janus Capital Group Inc (NYSE:JNS). Millennium Management had $20.1 million invested in the company at the end of the quarter. Neil Chriss’ Hutchin Hill Capital also initiated a $1.6 million position during the quarter. The following funds were also among the new JNS investors: Matthew Tewksbury’s Stevens Capital Management, Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital, and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Janus Capital Group Inc (NYSE:JNS) but similarly valued. We will take a look at The Wendy’s Company (NASDAQ:WEN), The Geo Group, Inc. (NYSE:GEO), HSN, Inc. (NASDAQ:HSNI), and Acadia Realty Trust (NYSE:AKR). This group of stocks’ market caps resemble JNS’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
WEN 18 908931 -1
GEO 14 152825 1
HSNI 13 53223 0
AKR 6 113912 -5

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $307 million, which is close to the $306 million figure in JNS’s case. The Wendy’s Company (NASDAQ:WEN) is the most popular stock in this table. On the other hand Acadia Realty Trust (NYSE:AKR) is the least popular one with only six bullish hedge fund positions. Compared to these stocks Janus Capital Group Inc (NYSE:JNS) 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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