Hedge Funds Continue Trading In and Out of DST Systems, Inc. (DST)

As one would reasonably expect, some big names have jumped into DST Systems, Inc. (NYSE:DST) headfirst. Brant Point Investment Management, managed by Ira Unschuld, established the largest position in DST Systems, Inc. (NYSE:DST). Brant Point Investment Management had $5.8 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also initiated a $4.3 million position during the quarter. The other funds with brand new DST positions are John Overdeck and David Siegel’s Two Sigma Advisors, Glenn Russell Dubin’s Highbridge Capital Management, and Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital.

Let’s also examine hedge fund activity in other stocks similar to DST Systems, Inc. (NYSE:DST). We will take a look at Lazard Ltd (NYSE:LAZ), Tanger Factory Outlet Centers Inc. (NYSE:SKT), TESARO Inc (NASDAQ:TSRO), and ICON plc – Ordinary Shares (NASDAQ:ICLR). This group of stocks’ market valuations are similar to DST’s market valuation.

As you can see these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $314 million. That figure was $366 million in DST’s case. TESARO Inc (NASDAQ:TSRO) is the most popular stock in this table. On the other hand Tanger Factory Outlet Centers Inc. (NYSE:SKT) is the least popular one with only 10 bullish hedge fund positions. DST Systems, Inc. (NYSE:DST) 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 TSRO might be a better candidate to consider a long position in.

Disclosure: None