Here’s What Hedge Funds Think About Time Warner Cable Inc (TWC)

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Seeing as Time Warner Cable Inc (NYSE:TWC) has experienced a declining sentiment from hedge fund managers, it’s safe to say that there is a sect of hedge funds unloaded their entire stakes between October and December. Among them, Kenneth Mario Garschina’s fund, Mason Capital Management, closed its stake that was previously worth $233.6 million.

Let’s check out hedge fund activity in other stocks similar to Time Warner Cable Inc (NYSE:TWC). Particularly, we will take a look at National Grid plc (ADR) (NYSE:NGG), Baidu.com, Inc. (ADR) (NASDAQ:BIDU), salesforce.com, inc. (NYSE:CRM), and ING Groep N.V. (ADR) (NYSE:ING). This group of stocks’ market caps is close to TWC’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
NGG 7 139958 1
BIDU 55 4188919 3
CRM 61 1959242 5
ING 6 17163 -7

As you can see these stocks had an average of 32 hedge funds with bullish positions and the average amount invested in these stocks was $1.58 billion, compared to $14.96 billion in TWC’s case. salesforce.com, inc. (NYSE:CRM) is the most popular stock in this table. On the other hand, ING Groep N.V. (ADR) (NYSE:ING) is the least popular one with only six funds holding long positions. Compared to these stocks Time Warner Cable Inc (NYSE:TWC) is more popular among hedge funds.

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