Liberty Sirius XM Group (LSXMA): Hedge Fund Ownership Rises Even Higher

As one would reasonably expect, key money managers have been driving this bullishness. Ascend Capital, led by Malcolm Fairbairn, established the most outsized position in Liberty Sirius XM Group (NASDAQ:LSXMA). Ascend Capital had $17.3 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also made a $16.8 million investment in the stock during the quarter. The following funds were also among the new LSXMA investors: Tim Mullen’s Swift Run Capital Management, Morris Mark’s Mark Asset Management, and John A. Levin’s Levin Capital Strategies.

Let’s check out hedge fund activity in other stocks similar to Liberty Sirius XM Group (NASDAQ:LSXMA). We will take a look at NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), Cemex SAB de CV (ADR) (NYSE:CX), Mettler-Toledo International Inc. (NYSE:MTD), and AMETEK, Inc. (NYSE:AME). This group of stocks’ market caps are closest to LSXMA’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
NDAQ 29 402276 2
CX 24 532753 5
MTD 21 484521 1
AME 29 1054365 4

As you can see these stocks had an average of 26 hedge funds with bullish positions and the average amount invested in these stocks was $618 million. That figure was $999 million in LSXMA’s case. NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) is the most popular stock in this table. On the other hand Mettler-Toledo International Inc. (NYSE:MTD) is the least popular one with only 21 bullish hedge fund positions. Compared to these stocks Liberty Sirius XM Group (NASDAQ:LSXMA) 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.

Disclosure: None