Hedge Funds Are Dumping INTL Fcstone Inc (INTL)

Judging by the fact that INTL Fcstone Inc (NASDAQ:INTL) has faced a falling interest from the entirety of the hedge funds we track, we can see that there were a few funds that elected to cut their full holdings last quarter. Intriguingly, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital cut the largest stake of all the hedgies followed by Insider Monkey, comprising close to $1.2 million in stock. Dmitry Balyasny’s fund, Balyasny Asset Management, also said goodbye to its stock, about $0.4 million worth of shares. These bearish behaviors are interesting, as aggregate hedge fund interest was cut by 3 funds last quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as INTL Fcstone Inc (NASDAQ:INTL) but similarly valued. These stocks are ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS), Chuy’s Holdings Inc (NASDAQ:CHUY), Westwood Holdings Group, Inc. (NYSE:WHG), and Pengrowth Energy Corp (USA) (NYSE:PGH). This group of stocks’ market valuations match INTL Fcstone Inc (NASDAQ:INTL)’s market valuation.

As you can see, these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $78 million. That figure was $75 million in INTL Fcstone Inc (NASDAQ:INTL)’s case. ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) is the most popular stock in this table. On the other hand, Westwood Holdings Group, Inc. (NYSE:WHG) is the least popular one with only 5 bullish hedge fund positions. INTL Fcstone Inc (NASDAQ:INTL) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) might be a better candidate to consider a long position.