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Is Cavium Inc (NASDAQ:CAVM) the right investment to pursue these days? The smart money is becoming more confident. The number of long hedge fund positions increased by 4 lately. At the end of this article we will also compare CAVM to other stocks including Washington Federal Inc. (NASDAQ:WAFD), Pampa Energia S.A. (ADR) (NYSE:PAM), and FS Investment Corporation (NYSE:FSIC) to get a better sense of its popularity.
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Hedge fund activity in Cavium Inc (NASDAQ:CAVM)
At Q3’s end, a total of 24 of the hedge funds tracked by Insider Monkey were long this stock, a 20% rise from the second quarter of 2016 and the second straight quarter with a notable increase in hedge fund ownership. With hedgies’ positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were boosting their stakes substantially (or already accumulated large positions).
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Citadel Investment Group, managed by Ken Griffin, holds the biggest position in Cavium Inc (NASDAQ:CAVM). Citadel Investment Group has a $69.7 million position in the stock. The second most bullish fund manager is Shellback Capital, led by Doug Gordon, Jon Hilsabeck and Don Jabro, holding a $53 million position; the fund has 4.5% of its 13F portfolio invested in the stock. Remaining professional money managers that hold long positions consist of Vivek Mehta and Aaron Husock’s ShearLink Capital, Thomas E. Claugus’ GMT Capital and Jason Karp’s Tourbillon Capital Partners.