Hedge Funds Bet Big on HCI – Is This a Wisdom or a Wager?

Alden’s new position inHCI Group (yes, they’re just having fun with acronyms these days) amounts to 62,940 shares, valued at $12.08 million. For context, that’s roughly the cost of buying out a small art collective-or, if you prefer, the equivalent of 7.06% of Alden’s 13F reportable assets. The fund now holds just 13 stocks total. And HCI? It’s their sixth-largest bet. I tip my hat. They’ve got taste, if not also a slight obsessions with alphabet soup ticker codes.





