The Smart Money Were Big Fans of Gridsum Holding Inc – ADR (GSUM)’s September IPO

Page 2 of 2

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Gridsum Holding Inc – ADR (NASDAQ:GSUM) but similarly valued. These stocks are QLT Inc. (USA) (NASDAQ:QLTI), Papa Murphy’s Holdings Inc (NASDAQ:FRSH), Consumer Portfolio Services, Inc. (NASDAQ:CPSS), and Timberland Bancorp, Inc. (NASDAQ:TSBK). This group of stocks’ market valuations match GSUM’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
QLTI 12 29161 -2
FRSH 7 10470 2
CPSS 6 13309 2
TSBK 5 15893 0

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $17 million. That figure was $48 million in GSUM’s case. QLT Inc. (USA) (NASDAQ:QLTI) is the most popular stock in this table. On the other hand Timberland Bancorp, Inc. (NASDAQ:TSBK) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Gridsum Holding Inc – ADR (NASDAQ:GSUM) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers and also have far more money invested in it, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

Page 2 of 2