What Smart Money Thinks about HCA Holdings Inc (HCA)?

Seeing as HCA Holdings Inc (NYSE:HCA) has witnessed bearish sentiment from the smart money, logic holds that there was a specific group of fund managers who sold off their full holdings by the end of the third quarter. Interestingly, Andreas Halvorsen’s Viking Global said goodbye to the biggest stake of the 700 funds followed by Insider Monkey, comprising close to $83.9 million in stock, and Robert Pohly’s Samlyn Capital was right behind this move, as the fund dumped about $49.1 million worth of shares. These transactions are important to note, as total hedge fund interest fell by 10 funds by the end of the third quarter.

Let’s now take a look at hedge fund activity in other stocks similar to HCA Holdings Inc (NYSE:HCA). We will take a look at AFLAC Incorporated (NYSE:AFL), Canadian Imperial Bank of Commerce (USA) (NYSE:CM), Waste Management, Inc. (NYSE:WM), and The Blackstone Group L.P. (NYSE:BX). This group of stocks’ market valuations resemble HCA’s market valuation.

As you can see these stocks had an average of 28 hedge funds with bullish positions and the average amount invested in these stocks was $830 million. That figure was $3.31 billion in HCA’s case. Waste Management, Inc. (NYSE:WM) is the most popular stock in this table with 34 funds holding long positions. On the other hand Canadian Imperial Bank of Commerce (USA) (NYSE:CM) is the least popular one with only 18 bullish hedge fund positions. Compared to these stocks HCA Holdings Inc (NYSE:HCA) 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.