10 Stocks Hedge Funds Are Buying Like Crazy

Raj Rajaratnam’s trial is set to begin today. He made $200 Million in 2007, barely missing the list of “highest paid hedge fund managers”. Don’t feel sorry for him though. He made the list in 2000. Art Samberg topped the Wall Street’s Highest Earners list with $150 Million. Art Samberg is an other hedge fund manager who has been charged with insider trading. He was lucky though, Pequot and Samberg agreed to settle the SEC’s charges without admitting or denying anything.

Raj Rajaratnam thinking

Hedge fund managers are the smartest investors around. They leave less to chance than most investors. They go great lengths to get an “edge” over ordinary investors. Insider Monkey, your source for free insider trading data, follows corporate insiders because they have access to material, nonpublic information and they sometimes trade based on it.  We also follow hedge fund managers because they have the resources to do extensive research on public companies and they have access to experts who can guide them. We believe we are more likely to beat the market by imitating insiders and hedge funds than trading against them. Based on the transactions of nearly 700 hedge funds, we compiled the list of top 10 stocks hedge funds were buying like crazy during the fourth quarter:

1. General Motors (GM): Hedge funds snatched 6% of GM’s outstanding shares and amassed a $3.4 Billion position. There were 112 hedge funds with GM positions at the end of December. John Griffin’s Blue RigdeWilliam Ackman’s Pershing Square, George Soros, David Tepper’s Appaloosa, Roberto Mignone’s Bridger Management,  Richard Perry’s Perry Capital, and Leon Cooperman’s Omega Advisors are among the several high profile hedge funds with GM positions.

2. Citigroup (C): Citigroup is hedge funds’ most favorite mega-cap bank. Hedge funds, 190 of them, own 8% of outstanding Citigroup shares. During the fourth quarter, they spent $2.8 Billion on Citigroup shares. Steven Mandel’s Lone Pine, Bruce Berkowitz’s Fairholme, Lee Ainslie’s Maverick Capital, George Soros, Bill Miller’s Legg Mason Capital Management, Bill Ackman’s Pershing Square, David Tepper’s Appaloosa, Daniel Loeb’s Third Point, Andreas Halvorsen’s Viking Global, Richard Perry’s Perry Capital, Joseph DiMenna’s Zweig-DiMenna, Leon Cooperman’s Omega Advisors, Brevan Howard, and John Paulson’s Paulson & Co are among the prominent investors who are bullish about Citigroup.

3. LyondellBasell (LYB): LyondellBasell is very popular among hedge funds. Since its market cap is much smaller than giant banks or tech companies, hedge funds amassed a 13% share in LYB. There were 99 hedge funds with LYB positions at the end of December and they spent a net $2.5 Billion on LYB during the fourth quarter. Notable hedge funds with LYB holdings are Daniel Loeb’s Third Point, Tom Steyer’s Farallon Capital, David Einhorn’s Greenlight Capital, and Andreas Halvorsen’s Viking Global are among the hedge funds with LYB positions.

4. JP Morgan (JPM): Hedge funds, 164 of them, own 4% of JPM’s outstanding shares. During the fourth quarter, they spent $1.8 Billion to place their bullish bets.  Steven Mandel, John Griffin, Bill Miller, and Lee Ainslie are among the high profile hedge fund managers invested in JPM.

5. Google (GOOG): There are 164 hedge funds with a combined $6.5 Billion investment in Google. They spent $1.6 Billion during fourth quarter. Lee Ainslie’s Maverick, Roberto Mignone’s Bridger Management, Jim Simons’ Renaissance, Andreas Halvorsen’s Viking, and Jonathan Auerbach’s Hound Partners are among the hedge funds that are bullish about Google.

6. Genzyme (GENZ): There are 91 hedge funds invested in Genzyme. They spent an additional $1.2 Billion during the fourth quarter. Genzyme is a merger arbitrage play.

7. Hewlett Packard (HPQ): Hedge funds spent around $1 Billion to acquire HPQ shares during the fourth quarter. Bill Miller, Lee Ainslie, David Tepper, Jim Simons, and Leon Cooperman are among the prominent investors with large HPQ holdings.

8. Cisco (CSCO): Cisco is another battered down stock hedge funds poured in $1 Billion during the last quarter of 2010. John Burbank, David Tepper, and Leon Cooperman think CSCO is undervalued.

9. Williams Cos Inc (WMB): This is one of Steven Cohen’s favorite stocks in 2011. There are 74 other hedge fund managers who agree with Steven Cohen. They spent $1 Billion during fourth quarter to buy WMB shares. Now, hedge funds own 14% of outstanding shares.

10. Teva Pharmaceutical (TEVA): This is another stock hedge funds spent $1 Billion during fourth quarter. John Griffin, Lee Ainslie, George Soros, and Jim Simons are all bullish about TEVA.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!