Is Charles Schwab Corp (SCHW) Worthy of Your Portfolio?

As aggregate interest increased, specific money managers were breaking ground themselves. Tourbillon Capital Partners, managed by Jason Karp, assembled the biggest position in Charles Schwab Corp (NYSE:SCHW). Tourbillon Capital Partners had $55.2 million invested in the company at the end of the quarter. The following funds were also among the new SCHW investors: Ken Griffin’s Citadel Investment Group, James Dondero’s Highland Capital Management, and Paul Marshall and Ian Wace’s Marshall Wace LLP.

Let’s now review hedge fund activity in other stocks similar to Charles Schwab Corp (NYSE:SCHW). These stocks are Korea Electric Power Corporation (ADR) (NYSE:KEP), Constellation Brands, Inc. (NYSE:STZ), Twenty-First Century Fox Inc (NASDAQ:FOXA), and CME Group Inc (NASDAQ:CME). All of these stocks’ market caps resemble SCHW’s market cap.

As you can see these stocks had an average of 44 funds with bullish positions at the end of September and the average amount invested in these stocks was $2.84 billion. That figure was $2.68 billion in SCHW’s case. Constellation Brands, Inc. (NYSE:STZ) is the most popular stock in this table, while Korea Electric Power Corporation (ADR) (NYSE:KEP) is the least popular one with only 14 funds positions. Charles Schwab Corp (NYSE:SCHW) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, Constellation Brands, Inc. (NYSE:STZ) might be a better candidate to consider a long position.