Do Hedge Funds Love salesforce.com, inc. (NYSE:CRM)?

With a general bullishness amongst the heavyweights, key money managers were leading the bulls’ herd. Anand Parekh’s Alyeska Investment Group  initiated a $70.9 million position during the quarter. The other funds with brand new CRM positions are Josh Resnick’s Jericho Capital Asset Management, Ken Griffin’s Citadel Investment Group, and Adam Wolfberg and Steven Landry’s EastBay Asset Management.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as salesforce.com, inc. (NYSE:CRM) but similarly valued. We will take a look at The Southern Company (NYSE:SO), American Tower Corp (NYSE:AMT), Ford Motor Company (NYSE:F), and ABB Ltd (ADR) (NYSE:ABB). All of these stocks’ market caps match CRM’s market cap.

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 $1.09 billion. That figure was $2.14 billion in CRM’s case. American Tower Corp (NYSE:AMT) is the most popular stock in this table. On the other hand ABB Ltd (ADR) (NYSE:ABB) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks salesforce.com, inc. (NYSE:CRM) 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.

Disclosure: None