Hedge Funds Have A Lot Of Money Invested In Green Brick Partners Inc (GRBK)

Since Green Brick Partners Inc (NASDAQ:GRBK) has experienced a declination in interest from hedge fund managers, it’s easy to see that there exists a select few money managers that elected to cut their entire stakes in the third quarter. At the top of the heap, Leon Cooperman’s Omega Advisors sold off the largest stake of all the hedgies watched by Insider Monkey, valued at about $2.7 million in stock, and Nick Niell’s Arrowgrass Capital Partners was right behind this move, as the fund cut about $2.5 million worth of shares. These bearish behaviors are important to note, as aggregate hedge fund interest dropped by 2 funds in the third quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Green Brick Partners Inc (NASDAQ:GRBK) but similarly valued. These stocks are Western Asset Mortgage Capital Corp (NYSE:WMC), Getty Realty Corp. (NYSE:GTY), Cedar Realty Trust Inc (NYSE:CDR), and Silver Standard Resources Inc. (USA) (NASDAQ:SSRI). This group of stocks’ market caps are closest to Green Brick Partners Inc’s market cap.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $20 million. That figure was $376 million in Green Brick Partners Inc’s case. Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) is the most popular stock in this table. On the other hand Western Asset Mortgage Capital Corp (NYSE:WMC) is the least popular one with only 4 bullish hedge fund positions. Green Brick Partners Inc (NASDAQ:GRBK) is not the most popular stock in this group but hedge fund interest is still above average and the amount of money invested in the stock easily eclipses rival stocks. This is a positive signal and warrants a deeper look, regardless of the small dip in hedge fund ownership.