KKR & Co. L.P. (KKR) Reportedly Looking to Take Ownership Stake in Troubled Airbag Maker Takata

With general bullishness amongst the heavyweights, key hedge funds were leading the bulls’ herd into KKR in Q1. Select Equity Group created the most valuable position in KKR & Co. L.P. (NYSE:KKR), having $82.3 million invested in the company at the end of the quarter. Gregg J. Powers’ Private Capital Management also made a $13.7 million investment in the stock during the quarter. The other funds with new positions in the stock are Daniel Gold’s QVT Financial, Serengeti Asset Management, and Jim Chanos’ Kynikos.

Let’s also examine hedge fund activity in other stocks similar to KKR & Co. L.P. (NYSE:KKR). These stocks are Domino’s Pizza, Inc. (NYSE:DPZ), Torchmark Corporation (NYSE:TMK), Leggett & Platt, Inc. (NYSE:LEG), and Apartment Investment and Management Co. (NYSE:AIV). This group of stocks’ market values resemble KKR’s market value.

As you can see these stocks had an average of 23 hedge funds with bullish positions and the average amount invested in these stocks was $498 million. That figure was $504 million in KKR’s case. Domino’s Pizza, Inc. (NYSE:DPZ) is the most popular stock in this table. On the other hand Apartment Investment and Management Co. (NYSE:AIV) is the least popular one with only 18 bullish hedge fund positions. KKR & Co. L.P. (NYSE:KKR) 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 DPZ might be a better candidate to consider a long position in.

Disclosure: None