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Hedge Fund Gurus, Who Is Buying? Who Is Selling?
Posted by: gurufocus (IP Logged)
Date: May 22, 2012 10:05AM
We have updated the first quarter portfolios of all gurus. By looking at their trades we can get an idea of what they think about the market. The table below illustrates the summary of the trades of hedge fund gurus in the first quarter. “Buy Impact” is defined as the impact of the trades for the stocks they have either added or bought into. “Sell Impact” is the impact for the stocks that they have sold out or reduced. “New Buy” is the difference between “Buy Impact” and “Sell Impact.” Apparently those with higher “Net Buy” were more bullish. Those with higher negative “Net buy” were bearish.
We can see David Tepper and Kyle Bass were the heaviest buyers in the first quarter. David Tepper has been very good at catching market bottoms. He has usually bought into the market when investors are scared. It is interesting to see him buying heavily as the market reached multi-year highs. David Tepper bought heavily into technology stocks including QQQ, Apple (AAPL), Google (GOOG), etc. You can see his trades here.
Kyle Bass has been bearish for a while. But he also bought heavily in the first quarter. Interestingly, he is also heavily into technology stocks. He bought telecom companies such as Alcatel (ALU), Tellabs (TLAB), etc. You can see the details of Bass’ trades here.
Hedge fund managers like David Einhorn, Seth Klarman and George Soros are evidently more bearish, as they have sold a lot more stocks than they bought.
To see the consensus buys and sells, please go to the aggregated holdings of Gurus, or try our new All-in-One Screener. Guru Sector Trend will tell you which industry they are buying into.
We will also publish a mutual fund version of this page. Stay tuned.
Guru Discussed: David Tepper: Current Portfolio, Stock Picks
Kyle Bass: Current Portfolio, Stock Picks
Stocks Discussed: QQQ, AAPL, GOOG, ALU, TLAB,