Hedge Funds Are Selling These 10 Large-Caps, Part 1

Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN)

 – Investors with Long Positions (as of September 30): 33

 – Aggregate Value of Investors’ Holdings (as of September 30): $2.41 Billion

The total number of smart money investors holding the healthcare company slid by 16 during the third quarter, while the value of their holdings dipped by about $420 million. Baker Bros. Advisors, which is led by Julian Baker and Felix Baker, owns about 6.54 million shares of the biopharmaceutical company. So far this year Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN)’s stock has appreciated by 1.21%.

Bank of New York Mellon Corp (NYSE:BK)

 – Investors with Long Positions (as of September 30): 52

 – Aggregate Value of Investors’ Holdings (as of September 30): $5.8 Billion

During the third quarter, Bank of New York Mellon Corp (NYSE:BK)’s stock price fell by about 1.3%, while the number of hedge funds within our database that held the stock shrank by 10 and the value of their aggregate holdings slid by $690 million. Nelson Peltz‘s Trian Partners is the largest stockholder of Bank of New York Mellon Corp (NYSE:BK) within our database, holding nearly 30.23 million shares. Moderate loan growth and a challenging interest rate environment has prevented the banking sector from posting a strong performance this year. However, if the Fed does indeed increase rates at its upcoming meeting, as many analysts expect it to do, things should begin to improve for the sector.

General Motors Company (NYSE:GM)

 – Investors with Long Positions (as of September 30): 88

 – Aggregate Value of Investors’ Holdings (as of September 30): $5.11 Billion

Over the past 12 months, General Motors Company (NYSE:GM)’s stock has posted gains of over 5%, while the Auto & Truck Manufacturers industry has seen average losses of 1.29% during the same period. However, that hasn’t been enough to keep the hedgies interested, as the total number of those in our database that were long GM slid by 16 and the aggregate value of their holdings fell by $671 million during the third quarter. Legendary investor Warren Buffett‘s Berkshire Hathaway, however, hiked its stake in General Motors Company (NYSE:GM) by 22% to 50 million shares during the third quarter, a move which has paid off in the fourth quarter as shares have jumped by 16%.

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