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It was a rough fourth quarter for many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing the S&P by more than 6 percentage points, as investors fled less-known quantities for safe havens. This was the case with hedge funds, who we heard were pulling money from the market amid the volatility, which included money from small-cap stocks, which they invest in at a higher rate than other investors. This action contributed to the greater decline in these stocks during the tumultuous period. We will study how this market volatility affected their sentiment towards Kilroy Realty Corp (NYSE:KRC) during the quarter below.
Kilroy Realty Corp (NYSE:KRC) has seen an increase in enthusiasm from smart money of late. KRC was in 13 hedge funds' portfolios at the end of the fourth quarter of 2018. There were 12 hedge funds in our database with KRC positions at the end of the previous quarter. Our calculations also showed that KRC isn't among the 30 most popular stocks among hedge funds.
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We're going to go over the recent hedge fund action encompassing Kilroy Realty Corp (NYSE:KRC).
What does the smart money think about Kilroy Realty Corp (NYSE:KRC)?
Heading into the first quarter of 2019, a total of 13 of the hedge funds tracked by Insider Monkey were long this stock, a change of 8% from the previous quarter. The graph below displays the number of hedge funds with bullish position in KRC over the last 14 quarters. With hedge funds' capital changing hands, there exists a few notable hedge fund managers who were increasing their stakes substantially (or already accumulated large positions).