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Is CBRE Group Inc (CBG) Going To Burn These Hedge Funds?

Consequently, key money managers have jumped into CBRE Group Inc (NYSE:CBG) headfirst. Eminence Capital, managed by Ricky Sandler, established the biggest position in CBRE Group Inc (NYSE:CBG). The fund had $126.5 million invested in the company at the end of the quarter according to its latest 13F filing. Anthony Bozza’s Lakewood Capital Management also initiated a $67.9 million position during the quarter. The other funds with new positions in the stock are John Smith Clark’s Southpoint Capital Advisors, Christopher Lord’s Criterion Capital, and Alan Fournier’s Pennant Capital Management.

Let’s go over hedge fund activity in other stocks similar to CBRE Group Inc (NYSE:CBG). We will take a look at ResMed Inc. (NYSE:RMD), Shaw Communications Inc (USA) (NYSE:SJR), Cheniere Energy, Inc. (NYSEAMEX:LNG), and Stericycle Inc (NASDAQ:SRCL). This group of stocks’ market caps match CBG’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
RMD 17 204914 2
SJR 9 114682 -3
LNG 45 4735418 3
SRCL 26 459724 4

As you can see these stocks had an average of 24 hedge funds with bullish positions and the average amount invested in these stocks was $1.38 billion. That figure was $1.89 billion in CBG’s case. Cheniere Energy, Inc. (NYSEAMEX:LNG) is the most popular stock in this table. On the other hand Shaw Communications Inc (USA) (NYSE:SJR) is the least popular one with only 9 bullish hedge fund positions. CBRE Group Inc (NYSE:CBG) 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 LNG might be a better candidate to consider a long position.

Disclosure: none.

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