Should You Buy EMC Corporation (EMC)?

Consequently, some big names have jumped into EMC Corporation (NYSE:EMC) headfirst. Mason Capital Management, managed by Kenneth Mario Garschina, initiated the largest call position in EMC Corporation (NYSE:EMC). Mason Capital Management had $277.8 million invested in the company at the end of the quarter. Ahmet Okumus’s Okumus Fund Management also initiated a $173.6 million position during the quarter. The other funds with new positions in the stock are Leon Shaulov’s Maplelane Capital, Anand Parekh’s Alyeska Investment Group, and Rob Citrone’s Discovery Capital Management.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as EMC Corporation (NYSE:EMC) but similarly valued. We will take a look at Statoil ASA (ADR) (NYSE:STO), HP Inc. (NYSE:HPQ), Mizuho Financial Group Inc. (ADR) (NYSE:MFG), and salesforce.com, inc. (NYSE:CRM). This group of stocks’ market values are closest to EMC’s market value.

As you can see these stocks had an average of 32.75 hedge funds with bullish positions and the average amount invested in these stocks was $1,199 million. That figure was $3,359 million in EMC’s case. HP Inc. (NYSE:HPQ) is the most popular stock in this table. On the other hand Mizuho Financial Group Inc. (ADR) (NYSE:MFG) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks EMC Corporation (NYSE:EMC) 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.