Hewlett Packard Enterprise Co (HPE): Hedge Funds Are Snapping Up

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Consequently, specific money managers have jumped into Hewlett Packard Enterprise Co (NYSE:HPE) headfirst. Paulson & Co, led by John Paulson, initiated the most outsized position in Hewlett Packard Enterprise Co (NYSE:HPE). According to its latest 13F filing, the fund had $135.7 million invested in the company at the end of the quarter. Jeffrey Smith’s Starboard Value LP also initiated a $124.8 million position during the quarter. The other funds with brand new HPE positions are Michael A. Price and Amos Meron’s Empyrean Capital Partners, Curtis Macnguyen’s Ivory Capital (Investment Mgmt), and Jeffrey Tannenbaum’s Fir Tree.

Let’s now take a look at hedge fund activity in other stocks similar to Hewlett Packard Enterprise Co(NYSE:HPE). We will take a look at General Mills, Inc. (NYSE:GIS), America Movil SAB de CV (ADR) (NYSE:AMX), Carnival plc (ADR) (NYSE:CUK), and McKesson Corporation (NYSE:MCK). This group of stocks’ market caps resemble HPE’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
GIS 33 607256 4
AMX 11 268831 -2
CUK 10 41201 -1
MCK 59 1502964 -7

As you can see these stocks had an average of 28 hedge funds with bullish positions and the average amount invested in these stocks was $605 million. That figure was a whooping $3.79 billion in HPE’s case. McKesson Corporation (NYSE:MCK) is the most popular stock in this table. On the other hand Carnival plc (ADR) (NYSE:CUK) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks Hewlett Packard Enterprise Co (NYSE:HPE) 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.

Disclosure: None


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