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What Do Hedge Funds Think of Twitter Inc (TWTR)?

Due to the fact that Twitter Inc (NYSE:TWTR) has experienced bearish sentiment from the entirety of the hedge funds we track, it’s safe to say that there is a sect of funds that elected to cut their entire stakes heading into Q4. Intriguingly, Matthew Knauer and Mina Faltas’s Nokota Management dumped the biggest stake of the “upper crust” of funds followed by Insider Monkey, comprising close to $58 million in stock, and Daniel Benton’s Andor Capital Management was right behind this move, as the fund cut about $54.3 million worth. These moves are important to note, as total hedge fund interest dropped by 20 funds heading into Q4.

Let’s now review hedge fund activity in other stocks similar to Twitter Inc (NYSE:TWTR). We will take a look at Boston Properties, Inc. (NYSE:BXP), Sasol Limited (ADR) (NYSE:SSL), Pioneer Natural Resources (NYSE:PXD), and Marriott International Inc (NYSE:MAR). This group of stocks’ market values are similar to TWTR’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
BXP 21 651123 -6
SSL 10 26608 3
PXD 58 4236272 0
MAR 29 494155 -2

As you can see these stocks had an average of 29.5 hedge funds with bullish positions and the average amount invested in these stocks was $1352 million. That figure was $248 million in TWTR’s case. Pioneer Natural Resources (NYSE:PXD) is the most popular stock in this table. On the other hand Sasol Limited (ADR) (NYSE:SSL) is the least popular one with only 10 bullish hedge fund positions. Twitter Inc (NYSE:TWTR) 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 PXD might be a better candidate to consider a long position.

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