Now, key hedge funds have jumped into Dominion Midstream Partners LP (NYSE:DM) headfirst. Marshall Wace LLP assembled the most valuable position in Dominion Midstream Partners LP (NYSE:DM). Marshall Wace LLP had $0.8 million invested in the company at the end of the quarter. Matthew Hulsizer’s PEAK6 Capital Management also initiated a $0.1 million position during the quarter.
Let’s now take a look at hedge fund activity in other stocks similar to Dominion Midstream Partners LP (NYSE:DM). These stocks are Masonite International Corp (NYSE:DOOR), Copa Holdings, S.A. (NYSE:CPA), Calumet Specialty Products Partners, L.P (NASDAQ:CLMT), and Ambarella Inc (NASDAQ:AMBA). This group of stocks’ market valuations are closest to Dominion Midstream Partners LP’s market valuation.
|Ticker||No of HFs with positions||Total Value of HF Positions (x1000)||Change in HF Position|
As you can see these stocks had an average of 19.25 hedge funds with bullish positions and the average amount invested in these stocks was $266 million. That figure was just $13 million in Dominion Midstream Partners LP’s case. Masonite International Corp (NYSE:DOOR) is the most popular stock in this table. On the other hand Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Dominion Midstream Partners LP (NYSE:DM) is even less popular than Calumet. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock.