With general bullishness amongst the heavyweights, specific money managers have jumped into Northern Trust Corporation (NASDAQ:NTRS) headfirst. Interval Partners, managed by Gregg Moskowitz, assembled the most outsized position in Northern Trust Corporation (NASDAQ:NTRS). According to regulatory filings, the fund had $6.7 million invested in the company at the end of the quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP also initiated a $4.1 million position during the quarter. The following funds were also among the new NTRS investors: Ken Griffin’s Citadel Investment Group, David Costen Haley’s HBK Investments, and Matthew Tewksbury’s Stevens Capital Management.
Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Northern Trust Corporation (NASDAQ:NTRS) but similarly valued. These stocks are TD Ameritrade Holding Corp. (NYSE:AMTD), Grupo Televisa SAB (ADR) (NYSE:TV), American Water Works Co., Inc. (NYSE:AWK), and Energy Transfer Equity, L.P. (NYSE:ETE). This group of stocks’ market valuations are similar to NTRS’s market valuation.
| Ticker | No of HFs with positions | Total Value of HF Positions (x1000) | Change in HF Position |
|---|---|---|---|
| AMTD | 17 | 290831 | 4 |
| TV | 22 | 1695621 | 0 |
| AWK | 24 | 404404 | 3 |
| ETE | 20 | 690246 | -10 |
As you can see these stocks had an average of 21 hedge funds with bullish positions and the average amount invested in these stocks was $770 million. That figure was $486 million in NTRS’s case. American Water Works Co., Inc. (NYSE:AWK) is the most popular stock in this table. On the other hand TD Ameritrade Holding Corp. (NYSE:AMTD) is the least popular one with only 17 bullish hedge fund positions. Compared to these stocks Northern Trust Corporation (NASDAQ:NTRS) 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
