Here is What Hedge Funds Think About Memorial Resource Development Corp (MRD)

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Consequently, key money managers were breaking ground themselves. Brenham Capital Management, managed by John Labanowski, initiated the most outsized position in Memorial Resource Development Corp (NASDAQ:MRD). Brenham Capital Management had $49.2 million invested in the company at the end of the quarter. Alec Litowitz and Ross Laser’s Magnetar Capital also made a $17.6 million investment in the stock during the quarter. The other funds with new positions in the stock are Jacob Gottlieb’s Visium Asset Management, Lawrence Sapanski’s Scoria Capital, and Charles Jobson’s Delta Partners.

Let’s now take a look at the hedge fund activity in other stocks similar to Memorial Resource Development Corp (NASDAQ:MRD). We will take a look at Graham Holdings Co (NYSE:GHC), VWR Corp (NASDAQ:VWR), SYNNEX Corporation (NYSE:SNX), and WEX Inc (NYSE:WEX). This group of stocks’ market caps resembles Memorial Resource Development Corp (NASDAQ:MRD)’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
GHC 28 756392 -8
VWR 19 119892 -2
SNX 11 36648 -2
WEX 16 170318 3

As you can see, these stocks had an average of 19 hedge funds with bullish positions and the average amount invested in these stocks was $271 million. That figure was $645 million in Memorial Resource Development Corp (NASDAQ:MRD)’s case. Graham Holdings Co (NYSE:GHC) is the most popular stock in this table. On the other hand, SYNNEX Corporation (NYSE:SNX) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks, Memorial Resource Development Corp (NASDAQ:MRD) 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.

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