IHS Markit Ltd (INFO): Are Hedge Funds Right To Be So Bullish On This Stock?

Consequently, key money managers were breaking ground themselves. Blue Ridge Capital established the most outsized position in IHS Markit Ltd (NASDAQ:INFO). Select Equity Group also made a $139.7 million investment in the stock during the quarter. The following funds were also among the new INFO investors: James Crichton’s Hitchwood Capital Management, David Thomas’ Atalan Capital, and Clint Carlson’s Carlson Capital.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as IHS Markit Ltd (NASDAQ:INFO) but similarly valued. These stocks are Arthur J. Gallagher & Co. (NYSE:AJG), Tractor Supply Company (NASDAQ:TSCO), Nordstrom, Inc. (NYSE:JWN), and Synopsys, Inc. (NASDAQ:SNPS). This group of stocks’ market valuations match INFO’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
AJG 12 86741 -4
TSCO 25 475375 -4
JWN 30 282280 4
SNPS 22 417138 1

As you can see these stocks had an average of 22 hedge funds with bullish positions and the average amount invested in these stocks was $315 million. That figure was $1.38 billion in INFO’s case. Nordstrom, Inc. (NYSE:JWN) is the most popular stock in this table. On the other hand Arthur J. Gallagher & Co. (NYSE:AJG) is the least popular one with only 12 bullish hedge fund positions. IHS Markit Ltd (NASDAQ:INFO) is tied as the most popular stock in this group and has a lot more money invested in it than any of the other stocks. This is a positive signal, as we’d rather spend our time researching stocks that hedge funds are pouring money into and piling into recently. In this regard INFO might be a good candidate to consider taking a long position in.

Disclosure: None