What Do Hedge Funds Think of International Paper Company (IP)?

Due to the fact that International Paper Company (NYSE:IP) has faced bearish sentiment from the aggregate hedge fund industry, logic holds that there lies a certain “tier” of funds who were dropping their entire stakes by the end of the third quarter. At the top of the heap, Jacob Rothschild’s RIT Capital Partners cut the biggest investment of the 700 funds followed by Insider Monkey, valued at an estimated $23.1 million in stock. Peter Rathjens, Bruce Clarke and John Campbell’s fund, Arrowstreet Capital, also cut its stock, about $12.5 million worth. These transactions are intriguing to say the least, as total hedge fund interest was cut by 3 funds by the end of the third quarter.

Let’s now take a look at hedge fund activity in other stocks similar to International Paper Company (NYSE:IP). These stocks are Roper Technologies Inc (NYSE:ROP), Amphenol Corporation (NYSE:APH), Campbell Soup Company (NYSE:CPB), and NetEase, Inc (ADR) (NASDAQ:NTES). All of these stocks’ market caps match IP’s market cap.

As you can see these stocks had an average of 26.25 hedge funds with bullish positions and the average amount invested in these stocks was $912 million. That figure was $567 million in IP’s case. Roper Technologies Inc (NYSE:ROP) is the most popular stock in this table. On the other hand Campbell Soup Company (NYSE:CPB) is the least popular one with only 25 bullish hedge fund positions. Compared to these stocks International Paper Company (NYSE:IP) 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.