Is Ford Motor Company (F) a Good Stock To Buy?

As industrywide interest jumped, key hedge funds were breaking ground themselves. Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, established the largest position in Ford Motor Company (NYSE:F). Arrowstreet Capital had $41.4 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also made a $16.4 million investment in the stock during the third quarter. The following funds were also among the new F investors: Jim Simons’s Renaissance Technologies, Glenn Russell Dubin’s Highbridge Capital Management, and Benjamin A. Smith’s Laurion Capital Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Ford Motor Company (NYSE:F) but similarly valued. These stocks are Kimberly Clark Corp (NYSE:KMB), The Southern Company (NYSE:SO), American Tower Corp (NYSE:AMT), and UBS AG (USA) (NYSE:UBS). This group of stocks’ market valuations resemble Ford Motor Company’s market valuation.

As you can see these stocks had an average of 26 funds with bullish positions and the average amount invested in these stocks was $1.394 billion at the end of September. That figure was $684 million in Ford’s case. American Tower Corp (NYSE:AMT) is the most popular stock in this table. On the other hand UBS AG (USA) (NYSE:UBS) is the least popular one with only eight funds holding shares. Ford Motor Company (NYSE:F) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard American Tower Corp (NYSE:AMT)  might be a better candidate to consider a long position.