Medidata Solutions Inc (MDSO): Are Hedge Funds Right About This Stock?

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Medidata Solutions Inc (NASDAQ:MDSO) has seen an increase in activity from the world’s largest hedge funds lately. MDSO was in 16 hedge funds’ portfolios at the end of September. There were 9 hedge funds in our database with MDSO holdings at the end of the previous quarter. At the end of this article we will also compare MDSO to other stocks including Penske Automotive Group, Inc. (NYSE:PAG), RLJ Lodging Trust (NYSE:RLJ), and MB Financial, Inc. (NASDAQ:MBFI) to get a better sense of its popularity.

Follow Medidata Solutions Inc. (NASDAQ:MDSO)

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What have hedge funds been doing with Medidata Solutions Inc (NASDAQ:MDSO)?

At the end of the third quarter, a total of 16 of the hedge funds tracked by Insider Monkey were long this stock, a gain of 78% from the second quarter of 2016. By comparison, 13 hedge funds held shares or bullish call options in MDSO heading into this year. So, let’s see which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Polar Capital, led by Brian Ashford-Russell and Tim Woolley, holds the biggest position in Medidata Solutions Inc (NASDAQ:MDSO). Polar Capital has a $32.6 million position in the stock. The second most bullish fund manager is Israel Englander’s Millennium Management, which holds a $13.9 million call position. Other hedge funds and institutional investors that are bullish contain Chuck Royce’s Royce & Associates, Nick Niell’s Arrowgrass Capital Partners and Ken Griffin’s Citadel Investment Group. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.

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