Sun Life Financial Inc (SLF): What Smart Money Thinks about This Stock?

Consequently, specific money managers have been driving this bullishness. PDT Partners, led by Peter Muller, created the most outsized position in Sun Life Financial Inc (NYSE:SLF). PDT Partners had $1.7 million invested in the company at the end of the quarter. Andre F. Perold’s HighVista Strategies also initiated a $1.5 million position during the quarter. The following funds were also among the new SLF investors: Brad Dunkley and Blair Levinsky’s Waratah Capital Advisors and Robert B. Gillam’s McKinley Capital Management.

Let’s go over hedge fund activity in other stocks similar to Sun Life Financial Inc (NYSE:SLF). These stocks are Analog Devices, Inc. (NASDAQ:ADI), International Paper Company (NYSE:IP), Dollar General Corp. (NYSE:DG), and TELUS Corporation (USA) (NYSE:TU). All of these stocks’ market caps resemble SLF’s market cap.

As you can see these stocks had an average of 31 funds with bullish positions and the average amount invested in these stocks was $784 million. That figure was just $77 million in SLF’s case. Dollar General Corp. (NYSE:DG) is the most popular stock in this table. On the other hand TELUS Corporation (USA) (NYSE:TU) is the least popular one with only nine bullish hedge fund positions. Sun Life Financial Inc (NYSE:SLF) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Dollar General Corp. (NYSE:DG) might be a better candidate to consider taking a long position in.

Disclosure: none