Citigroup Inc. (NYSE:C). Big banks in general saw hedge fund interest increase slightly, and the most popular pick in the industry was Citi with 93 hedge funds owning the stock. Billionaire David Tepper’s Appaloosa Management increased its holdings of Citi to 10.2 million shares between the beginning of July and the end of the third quarter (find more stock picks from David Tepper)
General Motors Company (NYSE:GM). Even before billionaire David Einhorn of told attendees at October’s Value Investing Congress that GM was one of his long stock picks, the hedge fund community had been buying in with the 78 holders of the stock from the end of the second quarter increasing to 88. Einhorn’s fund had owned about 23 million shares of the stock at the end of September. See David Einhorn's top holdings.
Bank of America Corp (NYSE:BAC). 85 hedge funds and other notable investors reported owning Bank of America, up from 82 in the previous quarter. D.E. Shaw, a large hedge fund managed by David Shaw, reported owning over 8 million shares of the bank on its 13F. Check out more stocks that D.E. Shaw owns.
JPMorgan Chase & Co. (NYSE:JPM). Ownership ticked up slightly here as well, with our database showing 83 13F filers with positions in JPMorgan Chase. Fisher Asset Management, a money management firm run by billionaire Ken Fisher, more than doubled the size of its position in JPMorgan Chase during the third quarter of the year (find more of Ken Fisher's stock picks).
Wells Fargo & Company (NYSE:WFC). You can have your C and BAC and JPM, but Warren Buffett will stick with Wells Fargo. Berkshire Hathaway actually increased its stake in what is generally considered to be one of the safest large banks and with a total of 81 filers in our database owning the stock it kept right behind the other big banks in our rankings. See what other stocks are in Warren Buffett's portfolio.
QUALCOMM, Inc. (NASDAQ:QCOM). Thanks to upstarts AIG, GM, and Wells Fargo, Qualcomm dropped three places in our rankings even though the number of hedge funds reporting a position decreased by only two (from 79 to 77). Billionaire Stephen Mandel’s Lone Pine Capital cut its stake but still owned 6.9 million shares at the end of the quarter, a position worth over $400 million at that time (research more stocks that Lone Pine Capital owned).
John Paulson reinforces his bullish views on Enzymotec Ltd (NASDAQ:ENZY). A recent 13G filing shows that his fund, Paulson & Co, more than doubled its passive stake in the company from 1.7 million...... (read more)
Jonathan Auerbach co-founded long/short equity fund Hound Partners with Scott McLellan in 2004, seeded by Tiger Management. Jonathan Auerbach had been a senior analyst at Ziff Brothers Investments before...... (read more)
As stated in a recent filing with the Securities and Exchange Commission, Tom Sandell has increased his fund's stake in Bob Evans Farms Inc (NASDAQ:BOBE) to a little over 2 million shares from 1.15...... (read more)
A recent 13G filing shows that Steven Cohen’s SAC Capital Advisors has increased its passive stake in Gogo Inc (NASDAQ:GOGO). According to the filing, SAC Capital owns 4.55 million shares of Gogo Inc...... (read more)
For many years, eBay Inc (NASDAQ:EBAY) has been known as the top online auction website in the world. While many enjoy what the site has to offer, including the millions of products for sale at a given...... (read more)
Stephen Mandel’s Lone Pine Capital disclosed holding 3.7 million shares of SouFun Holdings Limited (NYSE:SFUN). The stake amounts to 6.4% of the company’s common stock. Previously, Lone Pine Capital...... (read more)
Mario Gabelli has raised his exposure to Lawson Products Inc. (NASDAQ:LAWS), a newly amended filing with the SEC showed. According to the filing, Gamco Investors, Gabelli Funds, and Teton Advisors...... (read more)
Investing is extremely difficult if you are focusing on large-cap companies and their short-term performance. Even the smartest hedge fund managers can't produce any meaningful alpha after taking into...... (read more)
Cash rich technology stocks have been targeted by hedge funds because these companies trade at a discount to their peers. Carl Icahn has been forcing Apple Inc. (NASDAQ:AAPL) to return more capital to...... (read more)
Beating the market can be difficult when picking stocks on your own. One common source of alpha can be focusing on small cap stocks, which tend to outperform its larger peers over time. Another source...... (read more)