Hedge Funds Are Putting Their Money In TransDigm Group Incorporated (TDG)

As industry-wide interest jumped, key money managers were leading the bulls’ herd. Citadel Investment Group, managed by Ken Griffin, established the largest call position in TransDigm Group Incorporated (NYSE:TDG). Citadel Investment Group had $5.9 million invested in the company at the end of the quarter. Anand Parekh’s Alyeska Investment Group also initiated a $3.2 million position during the quarter. The other funds with new positions in the stock are Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners, Alec Litowitz and Ross Laser’s Magnetar Capital, and George Hall’s Clinton Group.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as TransDigm Group Incorporated (NYSE:TDG) but similarly valued. We will take a look at Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), Check Point Software Technologies Ltd. (NASDAQ:CHKP), W.W. Grainger, Inc. (NYSE:GWW), and Loews Corporation (NYSE:L). This group of stocks’ market caps are closest to TDG’s market cap.

As you can see these stocks had an average of 27.25 hedge funds with bullish positions and the average amount invested in these stocks was $767 million. That figure was $3.48 billion in TDG’s case. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) is the most popular stock in this table. On the other hand W.W. Grainger, Inc. (NYSE:GWW) is the least popular one with only 17 bullish hedge fund positions. Compared to these stocks TransDigm Group Incorporated (NYSE:TDG) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers and have a lot of money invested into it, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None