The first quarter of 2024 is in the books. Within 45 days, money managers with more than $100 million in assets under management (AUM) will be required to file their 13F forms with the SEC disclosing their portfolio holdings. As a result, hedge fund investors are noticing some big buys and sells.
The filings give investors a granular look at where the smart money was placing its bets. Despite the dated information, you still get insight into the stocks hedge funds are buying and selling. You can see the trends they feel are coming into style or falling out of favor.
Looking at where these billionaire money managers were going last quarter a few surprising stocks were dumped en masse while others were scooped up. Here are two stocks the smart money sold and one they loaded up on.
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