What Do Hedge Funds Think of C.R. Bard, Inc. (BCR)?

As one would reasonably expect, some big names were breaking ground themselves. Alyeska Investment Group, managed by Anand Parekh, established the largest position in C.R. Bard, Inc. (NYSE:BCR). Alyeska Investment Group had $100.1 million invested in the company at the end of the quarter. Christopher James’s Partner Fund Management also made an $14.1 million investment in the stock during the quarter. The other funds with new positions in the stock are Neil Chriss’s Hutchin Hill Capital, Andrew Sandler’s Sandler Capital Management, and Jacob Gottlieb’s Visium Asset Management.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as C.R. Bard, Inc. (NYSE:BCR) but similarly valued. We will take a look at Magellan Midstream Partners, L.P. (NYSE:MMP), The J.M. Smucker Company (NYSE:SJM), Rockwell Automation (NYSE:ROK), and Seagate Technology PLC (NASDAQ:STX). This group of stocks’ market caps are similar to BCR’s market cap.

As you can see these stocks had an average of 31.75 hedge funds with bullish positions and the average amount invested in these stocks was $701 million. That figure was $1273 million in BCR’s case. The J.M. Smucker Company (NYSE:SJM) is the most popular stock in this table. On the other hand Magellan Midstream Partners, L.P. (NYSE:MMP) is the least popular one with only 15 bullish hedge fund positions. C.R. Bard, Inc. (NYSE:BCR) 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 SJM might be a better candidate to consider a long position.