What Hedge Funds Think About TransDigm Group Incorporated (TDG)?

Consequently, key hedge funds were leading the bulls’ herd. Blue Ridge Capital, managed by John Griffin, created the largest position in TransDigm Group Incorporated (NYSE:TDG). Blue Ridge Capital had $205 million invested in the company at the end of the quarter. Steve Cohen’s Point72 Asset Management also initiated a $12.1 million position during the quarter. The other funds with brand new TDG positions are Jim Simons’s Renaissance Technologies, George Hall’s Clinton Group, and John Fichthorn’s Dialectic Capital Management.

Let’s now take a look at hedge fund activity in other stocks similar to TransDigm Group Incorporated (NYSE:TDG). We will take a look at KB Financial Group, Inc. (ADR) (NYSE:KB), Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT), Whole Foods Market, Inc. (NASDAQ:WFM), and Harley-Davidson, Inc. (NYSE:HOG). This group of stocks’ market values resemble TDG’s market value.

As you can see these stocks had an average of 28.5 hedge funds with bullish positions and the average amount invested in these stocks was $1.19 billion. That figure was $3.58 billion in TDG’s case. Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) is the most popular stock in this table with 47 long positions and TransDigm Group Incorporated (NYSE:TDG) has attracted the attention of even more investors. 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.