Is Store Capital Corporation (NYSE:STOR) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. The top picks of these firms have historically outperformed the market when we account for known risk factors, making them very valuable investment ideas.
Is Store Capital Corporation (NYSE:STOR) a buy right now? The best stock pickers are becoming hopeful. The number of bullish hedge fund bets went up by 5 recently. Our calculations also showed that STOR isn't among the 30 most popular stocks among hedge funds. STOR was in 24 hedge funds' portfolios at the end of December. There were 19 hedge funds in our database with STOR holdings at the end of the previous quarter.
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We're going to analyze the new hedge fund action regarding Store Capital Corporation (NYSE:STOR).
Hedge fund activity in Store Capital Corporation (NYSE:STOR)
At Q4's end, a total of 24 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 26% from the previous quarter. By comparison, 14 hedge funds held shares or bullish call options in STOR a year ago. So, let's check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
The largest stake in Store Capital Corporation (NYSE:STOR) was held by Berkshire Hathaway, which reported holding $527.2 million worth of stock at the end of September. It was followed by Millennium Management with a $102.1 million position. Other investors bullish on the company included Renaissance Technologies, AEW Capital Management, and Two Sigma Advisors.