Should You Buy Arrow Electronics, Inc. (ARW)?

Now, some big names have been driving this bullishness. PDT Partners, managed by Peter Muller, created the biggest position in Arrow Electronics, Inc. (NYSE:ARW). PDT Partners had $2.7 million invested in the company at the end of the quarter. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital also initiated an $1 million position during the quarter. The other funds with new positions in the stock are Ray Dalio’s Bridgewater Associates, John Overdeck and David Siegel’s Two Sigma Advisors, and Ken Fisher’s Fisher Asset Management.

Let’s check out hedge fund activity in other stocks similar to Arrow Electronics, Inc. (NYSE:ARW). These stocks are PerkinElmer, Inc. (NYSE:PKI), Amtrust Financial Services, Inc. (NASDAQ:AFSI), Sirona Dental Systems, Inc. (NASDAQ:SIRO), and ITC Holdings Corp. (NYSE:ITC). This group of stocks’ market caps resemble ARW’s market cap.

As you can see these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $406 million. That figure was $317 million in ARW’s case. PerkinElmer, Inc. (NYSE:PKI) is the most popular stock in this table. On the other hand ITC Holdings Corp. (NYSE:ITC) is the least popular one with only 16 bullish hedge fund positions. Compared to these stocks Arrow Electronics, Inc. (NYSE:ARW) 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.