Is Simon Property Group, Inc (SPG) A Good Stock To Buy?

As industrywide interest jumped, key money managers have jumped into Simon Property Group, Inc (NYSE:SPG) headfirst. Soros Fund Management assembled the most valuable position in Simon Property Group, Inc (NYSE:SPG). Soros Fund Management had $16.5 million invested in the company at the end of the quarter. David Harding’s Winton Capital Management also made a $14 million investment in the stock during the quarter. The following funds were also among the new Simon Property Group, Inc (NYSE:SPG) investors: David S. Winter and David J. Millstone’s 40 North Management, Paul Marshall and Ian Wace’s Marshall Wace LLP, and Crispin Odey’s Odey Asset Management Group.

Let’s now review hedge fund activity in other stocks similar to Simon Property Group, Inc (NYSE:SPG). These stocks are Time Warner Inc (NYSE:TWX), Telefonica S.A. (ADR) (NYSE:TEF), America Movil SAB de CV (ADR) (NYSE:AMX), and Royal Bank of Scotland Group plc (ADR) (NYSE:RBS). This group of stocks’ market valuations are similar to Simon Property Group, Inc (NYSE:SPG)’s market valuation.

As you can see, these stocks had an average of 23 hedge funds with bullish positions and the average amount invested in these stocks was $1.15 billion. That figure was $1.17 million in Simon Property Group, Inc (NYSE:SPG)’s case. Time Warner Inc (NYSE:TWX) is the most popular stock in this table. On the other hand, Telefonica S.A. (ADR) (NYSE:TEF) is the least popular one with only 5 bullish hedge fund positions. Simon Property Group, Inc (NYSE:SPG) 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, Time Warner Inc (NYSE:TWX) might be a better candidate to consider a long position.