What Do Hedge Funds Think of Brandywine Realty Trust (BDN)?

As industrywide interest jumped, some big names were breaking ground themselves. Waterfront Capital Partners, managed by Eduardo Abush, created the biggest position in Brandywine Realty Trust (NYSE:BDN). Waterfront Capital Partners had $10.5 million invested in the company at the end of the quarter. Chao Ku’s Nine Chapters Capital Management also made a $2.6 million investment in the stock during the quarter. The other funds with new positions in the stock are Millennium Management Subsidiary’s Decade Capital Management, Paul Tudor Jones’s Tudor Investment Corp, and Thomas Bailard’s Bailard Inc.

Let’s check out hedge fund activity in other stocks similar to Brandywine Realty Trust (NYSE:BDN). We will take a look at The Geo Group, Inc. (NYSE:GEO), DiamondRock Hospitality Company (NYSE:DRH), Euronav NV Ordinary Shares (NYSE:EURN), and QEP Resources Inc (NYSE:QEP). This group of stocks’ market valuations are similar to BDN’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
GEO 16 72961 -2
DRH 13 30147 -1
EURN 21 409682 2
QEP 21 341425 -5

As you can see these stocks had an average of 17.75 hedge funds with bullish positions and the average amount invested in these stocks was $214 million. That figure was $153 million in BDN’s case. Euronav NV Ordinary Shares (NYSE:EURN) is the most popular stock in this table. On the other hand DiamondRock Hospitality Company (NYSE:DRH) is the least popular one with only 13 bullish hedge fund positions. Brandywine Realty Trust (NYSE:BDN) 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 EURN might be a better candidate to consider a long position.