Here is What Hedge Funds Think About Hilltop Holdings Inc. (HTH)

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As one would reasonably expect, key hedge funds were leading the bulls’ herd. Arrowstreet Capital, led by Peter Rathjens, Bruce Clarke and John Campbell, created the largest position in Hilltop Holdings Inc. (NYSE:HTH). Arrowstreet Capital had $3.5 million invested in the company at the end of the quarter. Porter Collins, Daniel Moses, and Vincent Daniel’s Seawolf Capital also made a $1.4 million investment in the stock during the quarter. The other funds with brand new HTH positions are Sharif Siddiqui’s Alpenglow Capital, Matthew Tewksbury’s Stevens Capital Management, and Glenn Russell Dubin’s Highbridge Capital Management.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Hilltop Holdings Inc. (NYSE:HTH) but similarly valued. These stocks are INC Research Holdings Inc (NASDAQ:INCR), Northstar Realty Finance Corp. (NYSE:NRF), Boyd Gaming Corporation (NYSE:BYD), and Artisan Partners Asset Management Inc (NYSE:APAM). This group of stocks’ market caps are similar to HTH’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
INCR 30 367630 5
NRF 32 315398 0
BYD 23 667524 -4
APAM 10 94947 -1

As you can see these stocks had an average of 24 hedge funds with bullish positions and the average amount invested in these stocks was $361 million. That figure was $35 million in HTH’s case. Northstar Realty Finance Corp. (NYSE:NRF) is the most popular stock in this table. On the other hand Artisan Partners Asset Management Inc (NYSE:APAM) is the least popular one with only 10 bullish hedge fund positions. Hilltop Holdings Inc. (NYSE:HTH) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard NRF might be a better candidate to consider taking a long position in.

Disclosure: None

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