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

As aggregate interest increased, key hedge funds were breaking ground themselves. Anchor Bolt Capital, managed by Robert Polak, initiated the largest position in Ford Motor Company (NYSE:F). Anchor Bolt Capital had $110.5 million invested in the company at the end of the quarter. Daniel S. Och’s OZ Management also initiated an $70.9 million position during the quarter. The other funds with new positions in the stock are Robert Polak’s Anchor Bolt Capital, Mike Masters’s Masters Capital Management, and John Segrich and Michael Molnar’s Lorem Ipsum Management.

Let’s check out hedge fund activity in other stocks similar to Ford Motor Company (NYSE:F). We will take a look at BT Group plc (ADR) (NYSE:BT), The Bank of Nova Scotia (USA) (NYSE:BNS), Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA), and Metlife Inc (NYSE:MET). This group of stocks’ market values resemble F’s market value.

As you can see these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $551 million. That figure was $907 million in F’s case. Metlife Inc (NYSE:MET) is the most popular stock in this table, whereas the least popular one is Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA). In comparison, Ford Motor Company (NYSE:F), with 38 bullish hedge fund positions, is not the most popular stock in this group but still it has attracted attention from investors above average. Although this may imply it is a stock worth considering, we’d rather spend our time researching stocks that hedge funds are collectively most fond of, such as MET, which, in this case, may represent a better alternative.