Should You Dig Into Blue Buffalo Pet Products Inc (BUFF)? Hedge Funds Are.

As aggregate interest increased, specific money managers have been driving this bullishness. Segantii Capital, managed by Simon Sadler, assembled the most outsized position in Blue Buffalo Pet Products Inc (NASDAQ:BUFF). Segantii Capital had $5.2 million invested in the company at the end of the quarter. Larry Foley and Paul Farrell’s Bronson Point Partners also initiated a $4.8 million position during the quarter. The following funds were also among the new BUFF investors: Michael Platt and William Reeves’ BlueCrest Capital Mgmt., Lee Ainslie’s Maverick Capital, and Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners.

Let’s now review hedge fund activity in other stocks similar to Blue Buffalo Pet Products Inc (NASDAQ:BUFF). These stocks are Donaldson Company, Inc. (NYSE:DCI), Equity One, Inc. (NYSE:EQY), People’s United Financial, Inc. (NASDAQ:PBCT), and Howard Hughes Corp (NYSE:HHC). This group of stocks’ market caps match BUFF’s market cap.

As you can see these stocks had an average of 14.25 hedge funds with bullish positions and the average amount invested in these stocks was $327 million. That figure was $309 million in BUFF’s case. Howard Hughes Corp (NYSE:HHC) is the most popular stock in this table. On the other hand Equity One, Inc. (NYSE:EQY) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks Blue Buffalo Pet Products Inc (NASDAQ:BUFF) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers and continue to grow more bullish, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None