Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here’s What Smart Money Thinks of Mohawk Industries, Inc. (MHK)

Now, key money managers were leading the bulls’ herd. Highline Capital Management, led by Jacob Doft, assembled the most outsized position in Mohawk Industries, Inc. (NYSE:MHK). Highline Capital Management had $5.7 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $4.5 million position during the quarter. The following funds were also among the new MHK investors: Joel Greenblatt’s Gotham Asset Management, Paul Tudor Jones’ Tudor Investment Corp, and Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners.

Let’s go over hedge fund activity in other stocks similar to Mohawk Industries, Inc. (NYSE:MHK). These stocks are TransDigm Group Incorporated (NYSE:TDG), Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), Check Point Software Technologies Ltd. (NASDAQ:CHKP), and W.W. Grainger, Inc. (NYSE:GWW). This group of stocks’ market values resemble MHK’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
TDG 44 3477124 2
FCX 36 1550951 6
CHKP 35 1013225 4
GWW 17 186511 -2

As you can see these stocks had an average of 33 funds long the stock and the average amount invested in these companies was $1.56 billion. That figure was $2.49 billion in MHK’s case. TransDigm Group Incorporated (NYSE:TDG) is the most popular stock in this table with 44 funds holding shares. On the other hand W.W. Grainger, Inc. (NYSE:GWW) is the least popular one with only 17 bullish hedge fund positions. Compared to these stocks Mohawk Industries, Inc. (NYSE:MHK) 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.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.