Is GW Pharmaceuticals PLC- ADR (GWPH) Going to Burn These Hedge Funds?

With a general bullishness amongst the heavyweights, key money managers were breaking ground themselves. Hayman Advisors initiated the biggest position in GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH). Hayman Advisors had $19.3 million invested in the company at the end of the quarter. David Lamond’s Lamond Capital Partners also initiated a $11 million position during the quarter. The other funds with brand new GWPH positions are Jeffrey Jay and David Kroin’s Great Point Partners, Malcolm Fairbairn’s Ascend Capital, and David Costen Haley’s HBK Investments.

Let’s now review hedge fund activity in other stocks similar to GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH). These stocks are Columbia Banking System Inc (NASDAQ:COLB), Werner Enterprises, Inc. (NASDAQ:WERN), Shanda Games Limited(ADR) (NASDAQ:GAME), and Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE). This group of stocks’ market values are closest to GWPH’s market value.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $93 million. That figure was $194 million in GWPH’s case. Columbia Banking System Inc (NASDAQ:COLB) is the most popular stock in this table with 14 funds reporting stakes as of September 30. On the other hand Shanda Games Limited(ADR) (NASDAQ:GAME) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.