With a general bullishness amongst the heavyweights, specific money managers have been driving this bullishness. Zimmer Partners created the most valuable position in Weatherford International Ltd (NYSE:WFT) and had $46.7 million invested in the company at the end of the quarter. Jacob Gottlieb’s Visium Asset Management also made am $8.1 million investment in the stock during the quarter. The following funds were also among the new WFT investors: Todd J. Kantor’s Encompass Capital Advisors, Benjamin A. Smith’s Laurion Capital Management, and D. E. Shaw’s D E Shaw.
Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Weatherford International Ltd (NYSE:WFT) but similarly valued. We will take a look at Mednax Inc. (NYSE:MD), Brookfield Property Partners LP (NYSE:BPY), Lennox International Inc. (NYSE:LII), and Westlake Chemical Corporation (NYSE:WLK). This group of stocks’ market valuations are closest to WFT’s market valuation.
|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 17 hedge funds with bullish positions and the average amount invested in these stocks was $147 million. That figure was $653 million in WFT’s case. Westlake Chemical Corporation (NYSE:WLK) is the most popular stock in this table. On the other hand Brookfield Property Partners LP (NYSE:BPY) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks Weatherford International Ltd (NYSE:WFT) 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.