Is TopBuild Corp (BLD) Going to Burn These Hedge Funds?

Consequently, key hedge funds were leading the bulls’ herd. Silver Point Capital created the most valuable position in TopBuild Corp (NYSE:BLD). Adage Capital Management also initiated its stake during the quarter. The other funds with new positions in the stock are Citadel Investment Group, D E Shaw, and Three Corner Global Investors.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as TopBuild Corp (NYSE:BLD) but similarly valued. These stocks are Talmer Bancorp Inc (NASDAQ:TLMR), First Financial Bancorp (NASDAQ:FFBC), ZIOPHARM Oncology Inc. (NASDAQ:ZIOP), and NBT Bancorp Inc. (NASDAQ:NBTB). This group of stocks’ market caps resemble BLD’s market cap.

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $43 million. That figure was $241 million in BLD’s case. Talmer Bancorp Inc (NASDAQ:TLMR) is the most popular stock in this table with 14 funds holding shares, while NBT Bancorp Inc. (NASDAQ:NBTB) is the least popular one. Compared to these stocks TopBuild Corp (NYSE:BLD) 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.