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Should You Add Huntsman Corporation (HUN) to Your Portfolio?

Consequently, some big names were breaking ground themselves. Pennant Capital Management, managed by Alan Fournier, assembled the largest position in Huntsman Corporation (NYSE:HUN). Pennant Capital Management had $47.1 million invested in the company at the end of the quarter. Joel Greenblatt’s Gotham Asset Management also made a $19.4 million investment in the stock during the quarter. The other funds with new positions in the stock are Steven Tananbaum’s GoldenTree Asset Management, Jonathan Barrett and Paul Segal’s Luminus Management, and Daniel Arbess’ Perella Weinberg Partners.

Let’s now review hedge fund activity in other stocks similar to Huntsman Corporation (NYSE:HUN). These stocks are John Wiley & Sons Inc (NYSE:JW), BankUnited (NYSE:BKU), Spirit Airlines Incorporated (NASDAQ:SAVE), and New Residential Investment Corp (NYSE:NRZ). This group of stocks’ market caps are closest to HUN’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
JW 12 80638 -2
BKU 15 332080 -2
SAVE 30 338110 8
NRZ 19 219017 7

As you can see these stocks had an average of 19 investors holding shares and the average amount invested in these stocks was $242 million., which is lower than the $563 million figure in Huntsman’s case. Spirit Airlines Incorporated (NASDAQ:SAVE) is the most popular stock in this table, while John Wiley & Sons Inc (NYSE:JW) is the least popular one with only 12 bullish hedge fund positions. Compared to these stocks Huntsman Corporation (NYSE:HUN) 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.

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