Boston, MA 12/19/2013 (wallstreetpr) – The Dow Chemical Company (NYSE:DOW) prides itself as a company that combines the power of science and technology to create what is essential to human progress. In this regard, the company’s operations can be seen in such solution areas as renewable energy, clean water and agricultural productivity.
And now The Dow Chemical Company (NYSE:DOW) is getting the attention of an increasing number of hedge fund managers. Between the second and the end of the third quarter of the current fiscal, hedge funds that are adding the stock in their portfolio has increased by 74 percent.
Value investors like Warren Buffett are among big shareholders in the stock. Buffett has invested an estimated $3 billion in the stock according to the most recent position declaration by hedge funds.
By the end of third quarter, there were a total of 40 hedge funds which were bullish on the stock. Some of the bullish hedge funds with long shareholding positions in the stock include Soroban Capital Partners by fund manager Eric W. Mandelblatt. The fund’s investment in DOW is valued at approximately $480 million and this gives it about 5.4 percent of the fund’s total portfolio position.
Donald Chiboucis’s Columbus Circle Investors is another long-holder in the stock with approximately $78 million investment and the stock makes 0.6 percent of the fund’s total portfolio investment.
There are also a number of hedge fund managers who have initiated fresh positions in the stock according to the filing at the end of the third quarter. Some of the funds with new positions in the stock include Ken Griffin’s Citadel Investment Group, Daniel Bubis’s Tetrem Capital Management and Mason Capital Management by Kenneth Mario Garschina.
Hedge funds usually offer an interesting picture of a stock and investors who habitually follow hedge funds end up outperforming the market.
The market values Dow Chemical Company (NYSE:DOW) at $52 billion and its stock is currently trading in the range of $44 per share. The company has approximately 1.21 billion in total outstsnding shares.
