What Hedge Funds Think Of Sealed Air Corp (SEE) And Its New Unpoppable Bubble Wrap

What have hedge funds been doing with Sealed Air Corp (NYSE:SEE)?

At the end of the first quarter, a total of 48 of the hedge funds tracked by Insider Monkey held long positions in this stock, with no change from the previous quarter. With the smart money’s capital changing hands, there exists an “upper tier” of notable hedge fund managers who were boosting their stakes meaningfully.

According to hedge fund experts at Insider Monkey, Andreas Halvorsen‘s Viking Global had the most valuable position in Sealed Air Corp (NYSE:SEE), worth close to $659.5 million and 14.48 million shares, corresponding to 2.6% of its total 13F portfolio. The second-largest stake is held by David Cohen and Harold Levy of Iridian Asset Management, who hold a $609.6 million position; 5.1% of their 13F portfolio is allocated to the company. Other hedgies that hold long positions encompass John Lykouretzos’ Hoplite Capital Management, David E. Shaw’s D E Shaw and Robert Pitts’ Steadfast Capital Management.

Considering the positive hedge fund outlook and promising growth in the shares of Sealed Air Corp, we recommend a buy, even as the company destroys fond childhood memories with its new unpoppable bubble wrap.

Disclosure: None