Now, key money managers have jumped into Herbalife Ltd. (NYSE:HLF) headfirst during the latest quarter. Farallon Capital, managed by Thomas Steyer, assembled the largest position in Herbalife Ltd. (NYSE:HLF). The fund reportedly had $130.1 million invested in the company at the end of the quarter. Jonathon Jacobson’s Highfields Capital Management also initiated a $62 million position during the quarter. The following funds were also among the new HLF investors: Ken Heebner’s Capital Growth Management, Ken Griffin’s Citadel Investment Group, and Alec Litowitz and Ross Laser’s Magnetar Capital.
Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Herbalife Ltd. (NYSE:HLF) but similarly valued. We will take a look at Empresa Nacional de Electricidad S.A. (NYSE:EOCC), CBOE Holdings, Inc (NASDAQ:CBOE), Fortinet Inc (NASDAQ:FTNT), and athenahealth, Inc (NASDAQ:ATHN). This group of stocks’ market caps are similar to HLF’s market cap.
|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 hedge funds with bullish positions and the average amount invested in these stocks was $305 million. That figure was a whooping $3.09 billion in HLF’s case. Fortinet Inc (NASDAQ:FTNT) is the most popular stock in this table. On the other hand Empresa Nacional de Electricidad S.A. (NYSE:EOCC) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Herbalife Ltd. (NYSE:HLF) 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.