What Do Hedge Funds Think of Corelogic Inc (CLGX)?

Consequently, key money managers have jumped into Corelogic Inc (NYSE:CLGX) headfirst. Portolan Capital Management, managed by George McCabe, created the most outsized position in Corelogic Inc (NYSE:CLGX). Portolan Capital Management had $5.1 million invested in the company at the end of the quarter. Steve Cohen’s Point72 Asset Management also initiated a $1.5 million position during the quarter. The following funds were also among the new CLGX investors: Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, and George Hall’s Clinton Group.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Corelogic Inc (NYSE:CLGX) but similarly valued. These stocks are ENSCO PLC (NYSE:ESV), First Horizon National Corporation (NYSE:FHN), AngloGold Ashanti Limited (ADR) (NYSE:AU), and American Capital Ltd. (NASDAQ:ACAS). This group of stocks’ market values match CLGX’s market value.

As you can see these stocks had an average of 24 hedge funds with bullish positions and the average amount invested in these stocks was $513 million. That figure was $375 million in CLGX’s case. American Capital Ltd. (NASDAQ:ACAS) is the most popular stock in this table. On the other hand AngloGold Ashanti Limited (ADR) (NYSE:AU) is the least popular one with only 15 bullish hedge fund positions. Corelogic Inc (NYSE:CLGX) 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 ACAS might be a better candidate to consider a long position.