Now, key money managers have jumped into Electronic Arts Inc. (NASDAQ:EA) headfirst. Jericho Capital Asset Management, managed by Josh Resnick, initiated the biggest position in Electronic Arts Inc. (NASDAQ:EA). Jericho Capital Asset Management had $211.2 million invested in the company at the end of the quarter. Gabriel Plotkin’s Melvin Capital Management also made a $68.3 million investment in the stock during the quarter. The following funds were also among the new EA investors: Edmond M. Safra’s EMS Capital, Zach Schreiber’s Point State Capital, and Leon Shaulov’s Maplelane Capital.
Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Electronic Arts Inc. (NASDAQ:EA) but similarly valued. We will take a look at Koninklijke Philips Electronics NV (ADR) (NYSE:PHG), Xcel Energy Inc (NYSE:XEL), Ross Stores, Inc. (NASDAQ:ROST), and Hilton Worldwide Holdings Inc (NYSE:HLT). This group of stocks’ market values match EA’s market value.
| Ticker | No of HFs with positions | Total Value of HF Positions (x1000) | Change in HF Position |
|---|---|---|---|
| PHG | 10 | 200236 | -4 |
| XEL | 14 | 433249 | 0 |
| ROST | 39 | 810769 | 4 |
| HLT | 36 | 3106197 | 9 |
As you can see these stocks had an average of 25 hedge funds with bullish positions and the average amount invested in these stocks was $1.14 billion. That figure was $3.01 billion in EA’s case. Ross Stores, Inc. (NASDAQ:ROST) is the most popular stock in this table with 39 investors holding shares. On the other hand Koninklijke Philips Electronics NV (ADR) (NYSE:PHG) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks Electronic Arts Inc. (NASDAQ:EA) 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.
