Since Alliant Energy Corporation (NYSE:LNT) has encountered declining sentiment from the aggregate hedge fund industry, it’s easy to see that there exists a select few fund managers that elected to cut their entire stakes heading into Q4. Interestingly, Jos Shaver’s Electron Capital Partners dropped the biggest position of all the hedgies watched by Insider Monkey, comprising close to $6.5 million in stock. Jacob Gottlieb’s fund, Visium Asset Management, also said goodbye to its stock, about $3.5 million worth.
Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Alliant Energy Corporation (NYSE:LNT) but similarly valued. We will take a look at Lear Corporation (NYSE:LEA), Total System Services, Inc. (NYSE:TSS), Newfield Exploration Co. (NYSE:NFX), and CDK Global Inc (NASDAQ:CDK). All of these stocks’ market caps are closest to LNT’s market cap.
|Ticker||No of HFs with positions||Total Value of HF Positions (x1000)||Change in HF Position|
As you can see these stocks had an average of 38 funds with bullish positions and the average amount invested in these stocks was $1.16 billion. That figure was just $73 million in LNT’s case. Newfield Exploration Co. (NYSE:NFX) is the most popular stock in this table. On the other hand Lear Corporation (NYSE:LEA) is the least popular one with only 32 bullish hedge fund positions. Compared to these stocks Alliant Energy Corporation (NYSE:LNT) is considerably less popular than LEA. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.