Here is What Hedge Funds Think About Vornado Realty Trust (VNO)

Now, specific money managers have jumped into Vornado Realty Trust (NYSE:VNO) headfirst. Stevens Capital Management, led by Matthew Tewksbury, assembled the most outsized position in Vornado Realty Trust (NYSE:VNO). The fund reportedly had $3.6 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $2.5 million position during the quarter. The other funds with new positions in the stock are Richard Driehaus’s Driehaus Capital, Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners, and Paul Marshall and Ian Wace’s Marshall Wace LLP.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Vornado Realty Trust (NYSE:VNO) but similarly valued. We will take a look at M&T Bank Corporation (NYSE:MTB), Deutsche Bank AG (USA) (NYSE:DB), Nielsen Hldg NV (NYSE:NLSN), and Level 3 Communications, Inc. (NYSE:LVLT). This group of stocks’ market valuations are closest to VNO’s market valuation.

As you can see these stocks had an average of 30 hedge funds with bullish positions and the average amount invested in these stocks was $1.03 billion. That figure was a meager $264 million in VNO’s case. Level 3 Communications, Inc. (NYSE:LVLT) is the most popular stock in this table. On the other hand M&T Bank Corporation (NYSE:MTB) is the least popular one with only 22 bullish hedge fund positions. Vornado Realty Trust (NYSE:VNO) 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 LVLT might be a better candidate to consider a long position.

Disclosure: none.