Is XL Group Ltd (XL) Worthy of Your Portfolio?

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as XL Group Ltd (NYSE:XL) but similarly valued. These stocks are Juniper Networks, Inc. (NYSE:JNPR), Tripadvisor Inc (NASDAQ:TRIP), Advanced Semiconductor Engineering (ADR) (NYSE:ASX), and J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT). This group of stocks’ market caps resemble XL’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
JNPR 27 477518 0
TRIP 40 853214 7
ASX 15 198429 2
JBHT 31 353428 3

As you can see these stocks had an average of 28 funds with bullish positions and the average amount invested in these stocks was $471 million. That figure was $437 million in XL’s case. Tripadvisor Inc (NASDAQ:TRIP) is the most popular stock in this table. On the other hand Advanced Semiconductor Engineering (ADR) (NYSE:ASX) is the least popular one with only 15 bullish hedge fund positions. XL Group Ltd (NYSE:XL) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Tripadvisor Inc (NASDAQ:TRIP) might be a better candidate to consider taking a long position in.

Disclosure: none