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Investors Are Clamoring For Teleflex Incorporated (TFX)

As aggregate interest increased, some big names have been driving this bullishness. Clinton Group, managed by George Hall, created the most valuable position in Teleflex Incorporated (NYSE:TFX). Clinton Group had $7 million invested in the company at the end of the quarter. Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners also made a $6.9 million investment in the stock during the quarter. The following funds were also among the new TFX investors: Ken Griffin’s Citadel Investment Group, Glenn Russell Dubin’s Highbridge Capital Management, and Noam Gottesman’s GLG Partners.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Teleflex Incorporated (NYSE:TFX) but similarly valued. These stocks are A. O. Smith Corporation (NYSE:AOS), Broadridge Financial Solutions, Inc. (NYSE:BR), Camden Property Trust (NYSE:CPT), and Alexandria Real Estate Equities Inc (NYSE:ARE). This group of stocks’ market values match TFX’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
AOS 24 351501 0
BR 21 207829 6
CPT 8 149422 -2
ARE 11 54049 0

As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $191 million. That figure was $596 million in TFX’s case. A. O. Smith Corporation (NYSE:AOS) is the most popular stock in this table. On the other hand Camden Property Trust (NYSE:CPT) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Teleflex Incorporated (NYSE:TFX) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, and ownership of the stock just surged, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

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