Investors Are Abuzz About ARRIS International PLC (ARRS)

With general bullishness amongst the heavyweights, key hedge funds were leading the bulls’ herd. Whale Rock Capital Management, managed by Alex Sacerdote, created the biggest position in ARRIS International PLC (NASDAQ:ARRS). Whale Rock Capital Management had $47.9 million invested in the company at the end of the quarter. Glenn J. Krevlin’s Glenhill Advisors also initiated a $35.6 million position during the quarter. The following funds were also among the new ARRS investors: Bain Capital’s Brookside Capital, Neal Shah’s Valtura Capital Partners, and James Dinan’s York Capital Management.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as ARRIS International PLC (NASDAQ:ARRS) but similarly valued. We will take a look at Validus Holdings, Ltd. (NYSE:VR), Bright Horizons Family Solutions Inc (NYSE:BFAM), DCP Midstream Partners, LP (NYSE:DPM), and Pool Corporation (NASDAQ:POOL). This group of stocks’ market values are closest to ARRS’s market value.

As you can see these stocks had an average of 15.75 hedge funds with bullish positions and the average amount invested in these stocks was $134 million. That figure was $1.25 billion in ARRS’s case. Pool Corporation (NASDAQ:POOL) is the most popular stock in this table. On the other hand DCP Midstream Partners, LP (NYSE:DPM) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks ARRIS International PLC (NASDAQ:ARRS) is more popular among hedge funds and gaining in popularity with each passing quarter. It also has far more money invested in it than any of the other stocks on the table do. 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