Masonite International Corp (DOOR) Hedge Funds Are Snapping Up

Consequently, key hedge funds have been driving this bullishness. GLG Partners assembled the largest position in Masonite International Corp (NYSE:DOOR). GLG Partners had $13.6 million invested in the company at the end of the quarter. Joel Greenblatt’s Gotham Asset Management also made a $7.2 million investment in the stock during the quarter. The other funds with new positions in the stock are Andrew Grossman and Michael Levitt’s LG Capital Management, Peter Muller’s PDT Partners, and Paul Tudor Jones’s Tudor Investment Corp.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Masonite International Corp (NYSE:DOOR) but similarly valued. We will take a look at Copa Holdings, S.A. (NYSE:CPA), Calumet Specialty Products Partners, L.P (NASDAQ:CLMT), Ambarella Inc (NASDAQ:AMBA), and Guess?, Inc. (NYSE:GES). All of these stocks’ market caps are closest to Masonite International Corp (NYSE:DOOR)’s market cap.

As you can see, these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $166 million. That figure was $553 million in Masonite International Corp (NYSE:DOOR)’s case. Ambarella Inc (NASDAQ:AMBA) is the most popular stock in this table. On the other hand, Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks, Masonite International Corp (NYSE:DOOR) 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.