Is Time Warner Inc (TWX) Right for Your Portfolio?

Seeing as Time Warner Inc (NYSE:TWX) has faced declining sentiment from hedge fund managers, it’s safe to say that there was a specific group of hedgies who sold off their full holdings between July and September. It’s worth mentioning that Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital sold off the biggest stake of the 700 funds watched by Insider Monkey, worth an estimated $96.3 million in stock. James Crichton’s fund, Hitchwood Capital Management, also cut its stock, about $73.5 million worth.

Let’s go over hedge fund activity in other stocks similar to Time Warner Inc (NYSE:TWX). These stocks are American Express Company (NYSE:AXP), Abbott Laboratories (NYSE:ABT), Occidental Petroleum Corporation (NYSE:OXY), and Rio Tinto plc (ADR) (NYSE:RIO). All of these stocks’ market caps match TWX’s market cap.

As you can see these stocks had an average of 40 hedge funds with bullish positions and the average amount invested in these stocks was $3.90 billion. That figure was $3.32 billion in Time Warner’s case. Abbott Laboratories (NYSE:ABT) is the most popular stock in this table. On the other hand Rio Tinto plc (ADR) (NYSE:RIO) is the least popular one with only 18 bullish hedge fund positions. Compared to these stocks Time Warner Inc (NYSE:TWX) 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.