How Has Smart Money Been Trading Sherwin-Williams Company (SHW)?

Consequently, some big names have been driving this bullishness. Eton Park Capital, managed by Eric Mindich, initiated the biggest position in Sherwin-Williams Company (NYSE:SHW). Eton Park Capital had $249 million invested in the company at the end of the quarter. Eric Mindich’s Eton Park Capital also made an $155.9 million investment in the stock during the quarter. The following funds were also among the new SHW investors: John Overdeck and David Siegel’s Two Sigma Advisors, Daniel S. Och’s OZ Management, and David Harding’s Winton Capital Management.

Let’s check out hedge fund activity in other stocks similar to Sherwin-Williams Company (NYSE:SHW). We will take a look at Cerner Corporation (NASDAQ:CERN), Zoetis Inc (NYSE:ZTS), Edison International (NYSE:EIX), and AmerisourceBergen Corp. (NYSE:ABC). This group of stocks’ market values resemble SHW’s market value.

As you can see these stocks had an average of 37 hedge funds with bullish positions and the average amount invested in these stocks was $1.59 billion. Zoetis Inc (NYSE:ZTS) is the most popular stock in this table with 60 funds reporting stakes as of September 30, while Edison International (NYSE:EIX) is the least popular one with only 22 bullish hedge fund positions. With hedge funds reporting stakes worth $1.61 billion in aggregate, Sherwin-Williams Company (NYSE:SHW) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard ZTS might be a better candidate to consider a long position.