As one would reasonably expect, key money managers were leading the bulls’ herd. Alyeska Investment Group initiated the biggest position in Anworth Mortgage Asset Corporation (NYSE:ANH). According to regulatory filings, the fund had $3.9 million invested in the company at the end of the quarter. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital also initiated a $0.6 million position during the quarter. The following funds were also among the new ANH investors: Brian Taylor’s Pine River Capital Management and Alec Litowitz and Ross Laser’s Magnetar Capital.
Let’s now review hedge fund activity in other stocks similar to Anworth Mortgage Asset Corporation (NYSE:ANH). These stocks are The Hackett Group, Inc. (NASDAQ:HCKT), American Vanguard Corp. (NYSE:AVD), State National Companies Inc (NASDAQ:SNC), and Westwood Holdings Group, Inc. (NYSE:WHG). This group of stocks’ market caps are similar to ANH’s market cap.
| Ticker | No of HFs with positions | Total Value of HF Positions (x1000) | Change in HF Position |
|---|---|---|---|
| HCKT | 16 | 36925 | -1 |
| AVD | 10 | 31004 | 0 |
| SNC | 11 | 68148 | 0 |
| WHG | 5 | 74676 | 1 |
As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $53 million. That figure was $30 million in ANH’s case. The Hackett Group, Inc. (NASDAQ:HCKT) is the most popular stock in this table. On the other hand Westwood Holdings Group, Inc. (NYSE:WHG) is the least popular one with only 5 bullish hedge fund positions. Anworth Mortgage Asset Corporation (NYSE:ANH) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard HCKT might be a better candidate to consider taking a long position in.
Disclosure: None
