Where Do Hedge Funds Stand On Suncor Energy Inc. (SU)?
In this article we will take a look at whether hedge funds think Suncor Energy Inc. (NYSE:SU) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically outperformed the market after adjusting for known risk factors.
Suncor Energy Inc. (NYSE:SU) was in 22 hedge funds’ portfolios at the end of September. The all time high for this statistic is 41. SU shareholders have witnessed a decrease in activity from the world’s largest hedge funds of late. There were 29 hedge funds in our database with SU holdings at the end of June. Our calculations also showed that SU isn’t among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video for a quick look at the top 5 stocks).