How Does Smart Money Feel About Nippon Telegraph & Telephone Corp (ADR) (NTT)?

Consequently, some big names were leading the bulls’ herd. Millennium Management, managed by Israel Englander, established a position in Nippon Telegraph & Telephone Corp (ADR) (NYSE:NTT). Millennium Management had $5.3 million invested in the company at the end of the quarter. Matthew Hulsizer’s PEAK6 Capital Management also made an $0.5 million investment in the stock during the quarter. The following funds were also among the new NTT investors: Matthew Tewksbury’s Stevens Capital Management, Joe DiMenna’s ZWEIG DIMENNA PARTNERS, and Ken Griffin’s Citadel Investment Group.

Let’s go over hedge fund activity in other stocks similar to Nippon Telegraph & Telephone Corp (ADR) (NYSE:NTT). We will take a look at Oracle Corporation (NASDAQ:ORCL), Visa Inc (NYSE:V), Royal Dutch Shell plc (ADR) (NYSE:RDS), and Citigroup Inc. (NYSE:C). This group of stocks’ market caps match NTT’s market cap.

As you can see these stocks had an average of 79 hedge funds with bullish positions and the average amount invested in these stocks was $6760 million. That figure was $134 million in NTT’s case. Citigroup Inc. (NYSE:C) is the most popular stock in this table, while Royal Dutch Shell plc (ADR) (NYSE:RDS) is the least popular one with only 34 bullish hedge fund positions. With only 12 bullish hedge fund positions, Nippon Telegraph & Telephone Corp (ADR) (NYSE:NTT) is the least popular among these stocks. This doesn’t necessarily indicate it is not a good stock to buy, since it can also mean that investors thought of it as overvalued, because they weren’t familiar with the bullish thesis. In either case, further research and analyses are advisable.