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Should You Follow Billionaire Hedge Funds Into Hill-Rom Holdings, Inc. (HRC)?

As aggregate interest increased, key hedge funds have been driving this bullishness. Partner Fund Management, managed by Christopher James, assembled the most valuable position in Hill-Rom Holdings, Inc. (NYSE:HRC). Partner Fund Management had $7.8 million invested in the company at the end of the quarter. Joel Greenblatt’s Gotham Asset Management also initiated a $5.8 million position during the quarter. The other funds with new positions in the stock are Ira Unschuld’s Brant Point Investment Management, Neil Chriss’ Hutchin Hill Capital, and Michael Platt and William Reeves’ BlueCrest Capital Mgmt..

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Hill-Rom Holdings, Inc. (NYSE:HRC) but similarly valued. We will take a look at Aspen Technology, Inc. (NASDAQ:AZPN), Cypress Semiconductor Corporation (NASDAQ:CY), Apple Hospitality REIT Inc (NYSE:APLE), and Ryder System, Inc. (NYSE:R). All of these stocks’ market caps match HRC’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
AZPN 17 434102 -2
CY 31 366691 6
APLE 11 27793 4
R 23 269363 -1

As you can see these stocks had an average of 20.5 hedge funds with bullish positions and the average amount invested in these stocks was $274 million. That figure was $504 million in HRC’s case. Cypress Semiconductor Corporation (NASDAQ:CY) is the most popular stock in this table. On the other hand Apple Hospitality REIT Inc (NYSE:APLE) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Hill-Rom Holdings, Inc. (NYSE:HRC) 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.

Disclosure: None

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