41 Hedge Fund Favorites Trading Near 52 Week Highs

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All of the companies mentioned below have seen hedge fund buying during the most recent quarter (13-F filings). These companies are also trading close to 52-week highs.

Average Weekly Returns:

Average 1-Week Return of All Stocks Mentioned Below: 2.42%

Average 1-Month Return of All Stocks Mentioned Below: 6.97%

Analysis of List Alpha:

Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Week): 16 out of 41 (39.02%)

Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Month): 20 out of 41 (48.78%)

Chart: Distribution of 1-Week Returns For All Stocks Mentioned Below

Chart: Distribution of 1-Month Returns For All Stocks Mentioned Below

1. Celldex Therapeutics, Inc. (CLDX): Engages in the development, manufacture, and commercialization of targeted immunotherapies that prevent or treat specific forms of cancer, autoimmune disorders, and diseases caused by infectious organisms. Net institutional shares bought during the most recent quarter at 5.1M shares (8.26% of float at 61.75M shares). The stock is currently 7.08% below its 52-week high.

2. Medivation, Inc. (MDVN): Focuses on the development of small molecule drugs for the treatment of castration-resistant prostate cancer, Alzheimer’s disease, and Huntington disease. Net institutional shares bought during the most recent quarter at 3.6M shares (5.41% of float at 66.60M shares). The stock is currently 6.83% below its 52-week high.

3. Clearwire Corporation (CLWR): Provides wireless broadband services. Net institutional shares bought during the most recent quarter at 43.7M shares (8.91% of float at 490.71M shares). The stock is currently 8.11% below its 52-week high.

4. Cheniere Energy, Inc. (LNG): Engages in the ownership and operation of liquefied natural gas (LNG) receiving terminals and natural gas pipelines in the Gulf Coast of the United States. Net institutional shares bought during the most recent quarter at 33.3M shares (24.42% of float at 136.38M shares). The stock is currently 6.87% below its 52-week high.

5. Gulfport Energy Corp. (GPOR): Develops, and produces oil and gas in the Louisiana Gulf Coast. Net institutional shares bought during the most recent quarter at 5.3M shares (9.69% of float at 54.68M shares). The stock is currently 0.44% below its 52-week high.

6. LinkedIn Corporation (LNKD): Operates an online professional network. Net institutional shares bought during the most recent quarter at 7.8M shares (9.01% of float at 86.55M shares). The stock is currently 9.59% below its 52-week high.

7. Georgia Gulf Corp. (GGC): Engages in the manufacture and marketing of chlorovinyl and aromatics chemicals, as well as vinyl-based building and home improvement products in the United States and internationally. Net institutional shares bought during the most recent quarter at 3.9M shares (12.35% of float at 31.57M shares). The stock is currently 5.77% below its 52-week high.

8. Equinix, Inc. (EQIX): Provides data center services for the protection and connection of information assets to enterprises, content providers, financial companies, network service providers, and cloud and IT services companies. Net institutional shares bought during the most recent quarter at 2.2M shares (5.03% of float at 43.70M shares). The stock is currently 5.70% below its 52-week high.

9. Rackspace Hosting, Inc. (RAX): Operates in the hosting and cloud computing industry. Net institutional shares bought during the most recent quarter at 5.7M shares (5.12% of float at 111.37M shares). The stock is currently 2.33% below its 52-week high.

10. Western Refining Inc. (WNR): Operates as an independent crude oil refiner and marketer of refined products in Texas, Arizona, New Mexico, Utah, Colorado, and the Mid-Atlantic region. Net institutional shares bought during the most recent quarter at 3.7M shares (6.62% of float at 55.91M shares). The stock is currently 0.37% below its 52-week high.

11. American International Group, Inc. (AIG): The company operates property and casualty insurance networks worldwide and conducts activities in the U.S. life insurance and retirement services industry. Net institutional shares bought during the most recent quarter at 511.9M shares (41.28% of float at 1.24B shares). The stock is currently 7.65% below its 52-week high.

12. NRG Energy, Inc. (NRG): Operates as a wholesale power generation company. Net institutional shares bought during the most recent quarter at 15.8M shares (6.96% of float at 227.12M shares). The stock is currently 4.52% below its 52-week high.

13. Life Time Fitness Inc. (LTM): Designs, builds, and operates sports and athletic, professional fitness, and family recreation and spa centers in the United States. Net institutional shares bought during the most recent quarter at 2.4M shares (6.32% of float at 37.97M shares). The stock is currently 5.30% below its 52-week high.

14. Two Harbors Investment Corp. (TWO): Operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS) and related investments. Net institutional shares bought during the most recent quarter at 58.9M shares (20.04% of float at 293.85M shares). The stock is currently 4.22% below its 52-week high.

15. Pentair, Inc. (PNR): Operates as a diversified industrial manufacturing company worldwide. Net institutional shares bought during the most recent quarter at 12.2M shares (5.90% of float at 206.89M shares). The stock is currently 1.63% below its 52-week high.

16. Illumina Inc. (ILMN): Develops, manufactures, and markets integrated systems for the analysis of genetic variation and biological function. Net institutional shares bought during the most recent quarter at 8.8M shares (7.24% of float at 121.61M shares). The stock is currently 3.86% below its 52-week high.

17. Eaton Corporation (ETN): Operates as a power management company worldwide. Net institutional shares bought during the most recent quarter at 21.6M shares (6.55% of float at 329.68M shares). The stock is currently 0.78% below its 52-week high.

18. Schlumberger Limited (SLB): Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industries worldwide. Net institutional shares bought during the most recent quarter at 81.2M shares (6.15% of float at 1.32B shares). The stock is currently 8.85% below its 52-week high.

19. El Paso Pipeline Partners, L.P. (EPB): Engages in the ownership and operation of natural gas transportation pipelines and storage assets in the United States. Net institutional shares bought during the most recent quarter at 7.4M shares (5.91% of float at 125.18M shares). The stock is currently 2.34% below its 52-week high.

20. Ensco plc (ESV): Provides offshore contract drilling services to the oil and gas industry. Net institutional shares bought during the most recent quarter at 12.7M shares (5.47% of float at 232.18M shares). The stock is currently 5.0% below its 52-week high.

21. American Eagle Outfitters, Inc. (AEO): Operates as an apparel and accessories retailer in the United States and Canada. Net institutional shares bought during the most recent quarter at 16.0M shares (9.36% of float at 170.90M shares). The stock is currently 8.66% below its 52-week high.

22. Resource Capital Corp. (RSO): Operates as a specialty finance company that focuses primarily on commercial real estate and commercial finance in the United States. Net institutional shares bought during the most recent quarter at 6.1M shares (6.40% of float at 95.34M shares). The stock is currently 4.55% below its 52-week high.

23. Cincinnati Bell Inc. (CBB): Provides data and voice communications services over wireline and wireless networks, as well as offers data center operations, related management services, and equipment in the United States. Net institutional shares bought during the most recent quarter at 11.2M shares (6.22% of float at 180.05M shares). The stock is currently 9.51% below its 52-week high.

24. The Blackstone Group (BX): Provides alternative asset management and financial advisory services worldwide. Net institutional shares bought during the most recent quarter at 30.6M shares (7.59% of float at 403.33M shares). The stock is currently 9.71% below its 52-week high.

25. DDR Corp. (DDR): Operates as a real estate investment trust (REIT) in the United States. Net institutional shares bought during the most recent quarter at 22.3M shares (9.51% of float at 234.42M shares). The stock is currently 2.51% below its 52-week high.

26. Newcastle Investment Corp. (NCT): Operates as a real estate investment and finance company that invests in and manages a portfolio consisting primarily of real estate securities. Net institutional shares bought during the most recent quarter at 12.0M shares (6.96% of float at 172.50M shares). The stock is currently 4.72% below its 52-week high.

27. Eagle Materials Inc. (EXP): Distributes, and sells gypsum wallboard, Portland cement, recycled paperboard, and concrete and aggregates. Net institutional shares bought during the most recent quarter at 2.6M shares (5.75% of float at 45.22M shares). The stock is currently 1.93% below its 52-week high.
28. Owens Corning (OC): Provides composite and building materials systems worldwide. Net institutional shares bought during the most recent quarter at 5.3M shares (5.73% of float at 92.44M shares). The stock is currently 7.28% below its 52-week high.

29. Zions Bancorp. (ZION): Provides various banking and related products and services in the United States. Net institutional shares bought during the most recent quarter at 33.7M shares (18.79% of float at 179.32M shares). The stock is currently 8.78% below its 52-week high.

30. Health Care REIT, Inc. (HCN): Engages in investment, development, and management of properties. Net institutional shares bought during the most recent quarter at 33.9M shares (13.11% of float at 258.59M shares). The stock is currently 2.94% below its 52-week high.

31. DCT Industrial Trust Inc. (DCT): Operates as a publicly owned real estate investment trust. Net institutional shares bought during the most recent quarter at 15.4M shares (5.79% of float at 266.15M shares). The stock is currently 7.38% below its 52-week high.

32. Beacon Roofing Supply Inc. (BECN): Distributes residential and non-residential roofing materials in the United States and Canada. Net institutional shares bought during the most recent quarter at 2.6M shares (5.51% of float at 47.20M shares). The stock is currently 3.38% below its 52-week high.

33. Kinder Morgan Management LLC (KMR): Operates as an energy transportation and storage company in North America. Net institutional shares bought during the most recent quarter at 7.6M shares (8.51% of float at 89.30M shares). The stock is currently 6.84% below its 52-week high.

34. National Retail Properties, Inc. (NNN): National Retail Properties, Inc. is a publicly owned equity real estate investment trust. The firm acquires, owns, manages, and develops retail properties in the United States. Net institutional shares bought during the most recent quarter at 6.9M shares (6.37% of float at 108.36M shares). The stock is currently 3.79% below its 52-week high.

35. Hudson City Bancorp, Inc. (HCBK): Operates as the bank holding company for Hudson City Savings Bank that provides a range of retail banking services. Net institutional shares bought during the most recent quarter at 29.6M shares (7.38% of float at 400.91M shares). The stock is currently 7.57% below its 52-week high.

36. NXP Semiconductors NV (NXPI): Provides mixed signal solutions and semiconductor components primarily in Japan, Europe, South Korea, Rest of Asia Pacific, and the Americas. Net institutional shares bought during the most recent quarter at 6.4M shares (8.85% of float at 72.30M shares). The stock is currently 9.17% below its 52-week high.

37. CBL & Associates Properties Inc. (CBL): Engages in acquisition, development, and management of properties. Net institutional shares bought during the most recent quarter at 8.0M shares (5.28% of float at 151.63M shares). The stock is currently 3.96% below its 52-week high.

38. M&T Bank Corporation (MTB): Operates as the holding company for M&T Bank and M&T Bank, National Association that provide commercial and retail banking services to individuals, corporations and other businesses, and institutions. Net institutional shares bought during the most recent quarter at 7.4M shares (6.33% of float at 116.96M shares). The stock is currently 5.94% below its 52-week high.

39. Kohlberg Kravis Roberts & Co. (KKR): Kohlberg Kravis Roberts & Co. is a private equity and venture capital firm specializing in acquisitions, leveraged buyouts, management buyouts, and mezzanine investments in large cap companies. Net institutional shares bought during the most recent quarter at 22.7M shares (10.44% of float at 217.44M shares). The stock is currently 8.94% below its 52-week high.

40. Health Management Associates Inc. (HMA): Engages in the operation of general acute care hospitals and other health care facilities in non-urban communities in the United States. Net institutional shares bought during the most recent quarter at 13.1M shares (6.29% of float at 208.29M shares). The stock is currently 6.27% below its 52-week high.

41. First Republic Bank (FRC): Provides private banking, private business banking, investment management, brokerage, trust services, and real estate lending services in California, Nevada, and New York. Net institutional shares bought during the most recent quarter at 4.6M shares (6.48% of float at 71.03M shares). The stock is currently 8.54% below its 52-week high.

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