Hedge Funds Continue to Hold On To Quality Systems, Inc. (QSII)

With general bullishness amongst the heavyweights, key hedge funds were leading the bulls’ herd. Millennium Management created the biggest position in Quality Systems, Inc. (NASDAQ:QSII). Millennium Management had $3.2 million invested in the company at the end of the quarter. Neil Chriss’ Hutchin Hill Capital also initiated a $0.9 million position during the quarter. The other funds with brand new QSII positions are Paul Marshall and Ian Wace’s Marshall Wace LLP and Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Quality Systems, Inc. (NASDAQ:QSII) but similarly valued. These stocks are Vascular Solutions, Inc. (NASDAQ:VASC), ZIOPHARM Oncology Inc. (NASDAQ:ZIOP), American Capital Mortgage Investment Crp (NASDAQ:MTGE), and Amphastar Pharmaceuticals Inc (NASDAQ:AMPH). This group of stocks’ market valuations resemble QSII’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
VASC 10 43905 2
ZIOP 7 22444 -4
MTGE 8 77217 -4
AMPH 10 12522 0

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $39 million. That figure was $32 million in QSII’s case. Vascular Solutions, Inc. (NASDAQ:VASC) is the most popular stock in this table. On the other hand ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks Quality Systems, Inc. (NASDAQ:QSII) 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