Investment advisors having discretionary investment authority over $100 million or more in assets are required to report holding detail to the SEC in a 13F filing on exchange listed securities. In the third quarter of this year the filing deadline was November 14, 2014. S&P Capital IQ recently provided a summary of the changes made by ten large hedge funds in their third quarter filing versus the second quarter filing. A report summary can be found at the below link.
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The sector attracting the most buying attention in the third quarter was the energy sector. Information technology saw the most selling activity. The attention given to the energy sector is not a surprise given the weak performance of the sector this year. The below chart created by the Bespoke Investment Group displays a heat map of the year to date S&P 500 sector performance over the course of this year. Notably energy is the laggard.
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Investors should keep in mind that this type of hedge fund information can change significantly during the filing deadline date and quarter end.
Disclosure: Firm and/or family long ABBV, AAPL, TMO