Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Verizon Communications Inc. (VZ) Swallows AOL: Do Hedge Funds Like Verizon?

Among the investors tracked at Insider Monkey, Warren Buffett‘s Berkshire Hathaway held the largest stake in Verizon Communications Inc. (NYSE:VZ), worth close to $729.5 million, comprising 0.7% of its total 13F portfolio, by the end of the first quarter of 2015. Berkshire is followed by Adage Capital Management, led by Phill Gross and Robert Atchinson, holding a $230 million position. The remaining members of the smart money that are bullish on the company include Michael Messner’s Seminole Capital (Investment Mgmt), Cliff Asness’s AQR Capital Management and Benjamin A. Smith’s Laurion Capital Management.

Seeing as Verizon Communications Inc. (NYSE:VZ) has witnessed a reduction in interest from hedge fund managers, we can notice that there lies a certain “tier” of money managers who dropped their positions entirely during the first quarter. Among them is Ken Griffin‘s Citadel Investment Group, which sold out the largest stake among all the “hedgies” monitored by Insider Monkey, which contained 1.91 million shares at the end of December. Glenn Russell Dubin’s fund, Highbridge Capital Management, also closed its stake of 1.39 million shares.

The decrease in hedge fund interest as well as the uninspired stock performance lead us to think that Verizon Communications Inc. (NYSE:VZ) does not present an opportunity at the moment.

Disclosure: None

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.