Here is What Hedge Funds Think About Union Pacific Corporation (UNP)

Because Union Pacific Corporation (NYSE:UNP) has experienced declining sentiment from the smart money, logic holds that there exist a select few hedgies who sold off their full holdings by the end of the third quarter. It’s worth mentioning that Jim Simons’s Renaissance Technologies sold off the largest investment of all the hedgies tracked by Insider Monkey, comprising an estimated $192.8 million in stock. Dmitry Balyasny’s fund, Balyasny Asset Management, also sold off its stock, about $48.9 million worth. These moves are intriguing to say the least, as total hedge fund interest was cut by 9 funds by the end of the third quarter.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Union Pacific Corporation (NYSE:UNP) but similarly valued. These stocks are Banco Santander, S.A. (ADR) (NYSE:SAN), Goldman Sachs Group, Inc. (NYSE:GS), American Express Company (NYSE:AXP), and Diageo plc (ADR) (NYSE:DEO). All of these stocks’ market caps are similar to UNP’s market cap.

As you can see these stocks had an average of 39 hedge funds with bullish positions and the average amount invested in these stocks was $5746 million. That figure was $1514 million in UNP’s case. Goldman Sachs Group, Inc. (NYSE:GS) is the most popular stock in this table. On the other hand, Banco Santander, S.A. (ADR) (NYSE:SAN) is the least popular one. Although Union Pacific Corporation (NYSE:UNP) is not the most popular stock in this group, it has attracted signific interest from investors. This may imply it is a good stock to buy, but still but we’d rather spend our time researching stocks that hedge funds are piling on. For that kind of alternatives, you may want to consider GS as your choice in this particular case.