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More and More Hedge Funds Are Buying Fairmount Santrol Holdings Inc (FMSA)

Now, some big names were leading the bulls’ herd. Millennium Management established the most valuable position in Fairmount Santrol Holdings Inc (NYSE:FMSA), while Alyeska Investment Group‘s large position was also a new one. The following funds were also among the new FMSA investors: Paul Marshall and Ian Wace’s Marshall Wace LLP, Dan Sobol and Lisa Hess’ SkyTop Capital Management, and Phill Gross and Robert Atchinson’s Adage Capital Management.

Let’s go over hedge fund activity in other stocks similar to Fairmount Santrol Holdings Inc (NYSE:FMSA). These stocks are Third Point Reinsurance Ltd (NYSE:TPRE), Capital Bank Financial Corp (NASDAQ:CBF), Builders FirstSource, Inc. (NASDAQ:BLDR), and Nordic American Tanker Ltd (NYSE:NAT). This group of stocks’ market caps match FMSA’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
TPRE 10 24163 -3
CBF 7 17378 1
BLDR 34 441474 1
NAT 13 67747 0

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 $138 million. That figure was $154 million in FMSA’s case. Builders FirstSource, Inc. (NASDAQ:BLDR) is the most popular stock in this table. On the other hand Capital Bank Financial Corp (NASDAQ:CBF) is the least popular one with only 7 bullish hedge fund positions. Fairmount Santrol Holdings Inc (NYSE:FMSA) is not the most popular stock in this group but hedge fund interest is still above average and rapidly climbing. This is a positive signal, which makes FMSA a decent candidate to consider a long position in.

Disclosure: None

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