As one would reasonably expect, key money managers have jumped into Equifax Inc. (NYSE:EFX) headfirst. Echo Street Capital Management, managed by Greg Poole, created the most outsized position in Equifax Inc. (NYSE:EFX). Echo Street Capital Management had $28.2 million invested in the company at the end of the quarter. David Forster and Peter Wilton’s IBIS Capital Partners also made a $15.6 million investment in the stock during the quarter. The following funds were also among the new EFX investors: David Harding’s Winton Capital Management, Bruce Kovner’s Caxton Associates LP, and Ray Dalio’s Bridgewater Associates.
Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Equifax Inc. (NYSE:EFX) but similarly valued. These stocks are Tata Motors Limited (ADR) (NYSE:TTM), Tractor Supply Company (NASDAQ:TSCO), Cheniere Energy, Inc. (NYSEAMEX:LNG), and Agilent Technologies Inc. (NYSE:A). All of these stocks’ market caps resemble EFX’s market cap.
| Ticker | No of HFs with positions | Total Value of HF Positions (x1000) | Change in HF Position |
|---|---|---|---|
| TTM | 22 | 431033 | 2 |
| TSCO | 30 | 237007 | 10 |
| LNG | 62 | 7122951 | -14 |
| A | 46 | 1268403 | -4 |
As you can see these stocks had an average of 40 hedge funds with bullish positions and the average amount invested in these stocks was $2265 million. That figure was $439 million in EFX’s case. Cheniere Energy, Inc. (NYSEAMEX:LNG) is the most popular stock in this table. On the other hand Tata Motors Limited (ADR) (NYSE:TTM) is the least popular one with only 22 bullish hedge fund positions. Equifax Inc. (NYSE:EFX) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard LNG might be a better candidate to consider a long position.
