Here Is What Hedge Funds Think About Royal Dutch Shell plc (ADR) (RDS)

Due to the fact that Royal Dutch Shell plc (ADR) (NYSE:RDS) has witnessed declining sentiment from the smart money, we can see that there exists a select few hedge funds who sold off their full holdings by the end of the third quarter. Intriguingly, Ken Griffin’s Citadel Investment Group said goodbye to the biggest position of all the hedgies watched by Insider Monkey, valued at close to $19.4 million in stock, and Millennium Management Subsidiary’s Decade Capital Management was right behind this move, as the fund cut about $6.6 million worth. These bearish behaviors are important to note, as total hedge fund interest fell by 5 funds by the end of the third quarter.

Let’s check out hedge fund activity in other stocks similar to Royal Dutch Shell plc (ADR) (NYSE:RDS). These stocks are Citigroup Inc. (NYSE:C), Chevron Corporation (NYSE:CVX), The Home Depot, Inc. (NYSE:HD), and HSBC Holdings plc (ADR) (NYSE:HSBC). This group of stocks’ market caps are closest to RDS’s market cap.

As you can see these stocks had an average of 62.5 hedge funds with bullish positions and the average amount invested in these stocks was $4132 million. That figure was $873 million in RDS’s case. Citigroup Inc. (NYSE:C) is the most popular stock in this table. On the other hand HSBC Holdings plc (ADR) (NYSE:HSBC) is the least popular one with only 15 bullish hedge fund positions. Royal Dutch Shell plc (ADR) (NYSE:RDS) 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 C might be a better candidate to consider a long position.