Kimberly Clark Corp (KMB): Hedge Funds Like What They See

As aggregate interest increased, some big names have jumped into Kimberly Clark Corp (NYSE:KMB) headfirst. Jim Simons’ Renaissance Technologies assembled the biggest new position in Kimberly Clark Corp (NYSE:KMB). The fund had $120.1 million invested in the company at the end of the quarter. David Harding’s Winton Capital Management also made a $43.3 million investment in the stock during the quarter. The following funds were also among the new KMB investors: Ken Griffin’s Citadel Investment Group, Joel Greenblatt’s Gotham Asset Management, and Clint Carlson’s Carlson Capital.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Kimberly Clark Corp (NYSE:KMB) but similarly valued. We will take a look at The Southern Company (NYSE:SO), American Tower Corp (NYSE:AMT), UBS AG (USA) (NYSE:UBS), and Dominion Resources, Inc. (NYSE:D). This group of stocks’ market caps resemble KMB’s market cap.

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 $1.11 billion. That figure was $1.42 billion in KMB’s case. American Tower Corp (NYSE:AMT) is the most popular stock in this table. On the other hand UBS AG (USA) (NYSE:UBS) is the least popular one with only 8 bullish hedge fund positions. Kimberly Clark Corp (NYSE:KMB) 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 AMT might be a better candidate to consider taking a long position in.

Disclosure: None