Seeing as Motorola Solutions Inc (NYSE:MSI) has faced falling interest from the entirety of the hedge funds we track, logic holds that there lies a certain “tier” of funds that slashed their positions entirely heading into Q4. Intriguingly, Daniel S. Och’s OZ Management cut the largest stake of the “upper crust” of funds watched by Insider Monkey, totaling close to $33.3 million in stock. George Hall’s fund, Clinton Group, also dumped its stock, about $17.7 million worth. These bearish behaviors are interesting, as total hedge fund interest dropped by 1 fund heading into Q4.
Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Motorola Solutions Inc (NYSE:MSI) but similarly valued. These stocks are Quest Diagnostics Inc (NYSE:DGX), Cenovus Energy Inc (USA) (NYSE:CVE), Oneok Partners LP (NYSE:OKS), and ArcelorMittal (ADR) (NYSE:MT). This group of stocks’ market values are closest to MSI’s market value.
|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 18 hedge funds with bullish positions and the average amount invested in these stocks was $244 million. That figure was $1.17 billion in MSI’s case. Quest Diagnostics Inc (NYSE:DGX) is the most popular stock in this table. On the other hand Oneok Partners LP (NYSE:OKS) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks Motorola Solutions Inc (NYSE:MSI) 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.