How BOK Financial Corporation (BOKF) Stacks Up Against Its Peers

As one would reasonably expect, key hedge funds have jumped into BOK Financial Corporation (NASDAQ:BOKF) headfirst. Folger Hill Asset Management assembled the most outsized position in BOK Financial Corporation (NASDAQ:BOKF). Folger Hill Asset Management had $2.4 million invested in the company at the end of the quarter. Russell Hawkins’s Hawkins Capital also initiated a small position during the quarter.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as BOK Financial Corporation (NASDAQ:BOKF) but similarly valued. We will take a look at Calpine Corporation (NYSE:CPN), SYNNEX Corporation (NYSE:SNX), Williams-Sonoma, Inc. (NYSE:WSM), and Vermilion Energy Inc (NYSE:VET). This group of stocks’ market valuations match BOKF’s market valuation.

As you can see these stocks had an average of 19.5 hedge funds with bullish positions and the average amount invested in these stocks was $358 million. That figure was $130 million in BOKF’s case. Calpine Corporation (NYSE:CPN) is the most popular stock in this table. On the other hand Vermilion Energy Inc (NYSE:VET) is the least popular one with only 8 bullish hedge fund positions. BOK Financial Corporation (NASDAQ:BOKF) 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 CPN might be a better candidate to consider taking a long position in.