13-F Summary: Who Bought And Sold What In The Fourth Quarter

Yesterday’s barrage of 13F releases showed that hedge funds like Third Point, Eton Park and Blue Ridge piled into shares of major banks, David Tepper’s Appaloosa jumped into the pharma sector starting new positions in Teva, Pfizer and Mylan while Buffett aggressively added to airline steaks and nearly quadrupled his Apple position to $7.7 billion, making him a Top 10 holder during the fourth quarter.
Bank stocks remain near the highest levels since the financial crisis, rallying since President Donald Trump’s election victory on expectations for stimulus and policy changes. Goldman shares closed Tuesday at a record high. According to Bloomberg data, hedge fund managers added more to financials than any other sector last quarter.
Here is a summary of the biggest buys and sells from the latest round of 13F filings, released 45 days after the end of the quarter, which list the U. S. holdings of money managers as of Dec. 31 courtesy of Bloomberg:
ADAGE CAPITAL
Top new buys: CC, ALB, VVC, DISH, GIS, EXC, COTY, TSN Top exits: EMR, LYB, GLD, DOV, BABA, PEGI, USB, WLK, MMM, AXP Boosted stakes in WFC, GD, JCI, MOS, DIS, GS, NEE, PKI, LRCX, GE Cut stakes in HON, SRE, AGN, PG, HDS, APD, EW, GRA, PVH, BURL, CI

This post was published at Zero Hedge on Feb 15, 2017.

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