Hedge Funds Aren’t Crazy About Whirlpool Corporation (WHR) Anymore

Because Whirlpool Corporation (NYSE:WHR) has faced bearish sentiment from the entirety of the hedge funds we track, it’s easy to see that there was a specific group of hedgies who were dropping their positions entirely heading into Q4. Interestingly, Anand Parekh’s Alyeska Investment Group sold off the largest position of the “upper crust” of funds watched by Insider Monkey, worth about $47.6 million in stock, and Bruce Kovner’s Caxton Associates LP was right behind this move, as the fund said goodbye to about $39.7 million worth of WHR shares.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Whirlpool Corporation (NYSE:WHR) but similarly valued. These stocks are Agnico-Eagle Mines Limited (USA) (NYSE:AEM), WestRock Co (NYSE:WRK), Ultrapar Participacoes SA (ADR) (NYSE:UGP), and Kimco Realty Corp (NYSE:KIM). All of these stocks’ market caps are closest to WHR’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
AEM 25 500237 -4
WRK 29 752003 4
UGP 10 87119 3
KIM 11 58251 4

As you can see these stocks had an average of 19 hedge funds with bullish positions and the average amount invested in these stocks was $349 million. That figure was $1.47 billion in WHR’s case. WestRock Co (NYSE:WRK) is the most popular stock in this table. On the other hand Ultrapar Participacoes SA (ADR) (NYSE:UGP) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks Whirlpool Corporation (NYSE:WHR) 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.