Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Smart Money Taking Up More Stakes in Entegris Inc (ENTG)

Now, key hedge funds were leading the bulls’ herd. HighVista Strategies, managed by Andre F. Perold, established the largest position in Entegris Inc (NASDAQ:ENTG). HighVista Strategies had $3.9 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also initiated a $1.5 million position during the quarter. The other funds with brand new ENTG positions are Mike Vranos’ Ellington, Matthew Tewksbury’s Stevens Capital Management, and Chao Ku’s Nine Chapters Capital Management.

Let’s now take a look at hedge fund activity in other stocks similar to Entegris Inc (NASDAQ:ENTG). These stocks are Black Hills Corp (NYSE:BKH), Alliance Holdings GP, L.P. (NASDAQ:AHGP), The Dolan Company (NYSE:DM), and Masonite International Corp (NYSE:DOOR). This group of stocks’ market valuations are closest to ENTG’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
BKH 18 129397 3
AHGP 7 20968 1
DM 6 13093 1
DOOR 28 553480 1

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $179 million. That figure was $397 million in ENTG’s case. Masonite International Corp (NYSE:DOOR) is the most popular stock in this table. On the other hand The Dolan Company (NYSE:DM) is the least popular one with only 6 bullish hedge fund positions. Entegris Inc (NASDAQ:ENTG) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard DOOR might be a better candidate to consider a long position in.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...