Now, key hedge funds were leading the bulls’ herd. Arlington Value Capital assembled the most outsized position in Interactive Brokers Group, Inc. (NASDAQ:IBKR). Arlington Value Capital had $75.8 million invested in the company at the end of the quarter. Brian Bares’ Bares Capital Management also made a $36.5 million investment in the stock during the quarter. The other funds with new positions in the stock are Michael Pausic’s Foxhaven Asset Management, Renaissance Technologies, and Andre F. Perold’s HighVista Strategies.
Let’s go over hedge fund activity in other stocks similar to Interactive Brokers Group, Inc. (NASDAQ:IBKR). These stocks are Skyworks Solutions Inc (NASDAQ:SWKS), Eversource Energy (NYSE:ES), Omnicom Group Inc. (NYSE:OMC), and SK Telecom Co., Ltd. (ADR) (NYSE:SKM). All of these stocks’ market caps are similar to Interactive Brokers Group, Inc.’s market cap.
|Ticker||No of HFs with positions||Total Value of HF Positions (x1000)||Change in HF Position|
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 $634 million. That figure was $821 million in Interactive Brokers Group, Inc.’s case. Skyworks Solutions Inc (NASDAQ:SWKS) is the most popular stock in this table. On the other hand SK Telecom Co., Ltd. (ADR) (NYSE:SKM) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks Interactive Brokers Group, Inc. (NASDAQ:IBKR) 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.