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Time Warner Inc (TWX) Discussed Merger With Apple (AAPL) Late Last Year

Judging by the fact that Time Warner Inc (NYSE:TWX) has experienced a declination in interest from the entirety of the hedge funds we track, it’s safe to say that there were a few money managers who sold off their entire stakes last quarter. At the top of the heap, Philippe Laffont’s Coatue Management cut the biggest stake of the “upper crust” of funds watched by Insider Monkey, valued at about $200.7 million in call options. Keith Meister’s fund, Corvex Capital, also sold off its call options, about $194 million worth. These moves are important to note, as aggregate hedge fund interest fell by 4 funds last quarter.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Time Warner Inc (NYSE:TWX) but similarly valued. We will take a look at Biogen Idec Inc. (NASDAQ:BIIB), The Dow Chemical Company (NYSE:DOW), BlackRock, Inc. (NYSE:BLK), and Thermo Fisher Scientific Inc. (NYSE:TMO). This group of stocks’ market values match TWX’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
BIIB 64 3109315 -7
DOW 44 3340271 -5
BLK 29 455515 -5
TMO 50 2441560 -3

As you can see these stocks had an average of 47 hedge funds with bullish positions and the average amount invested in these stocks was $2.34 billion. That figure was $3.94 billion in TWX’s case. Biogen Idec Inc. (NASDAQ:BIIB) is the most popular stock in this table. On the other hand BlackRock, Inc. (NYSE:BLK) is the least popular one with only 29 bullish hedge fund positions. Compared to these stocks Time Warner Inc (NYSE:TWX) 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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