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US hedge fund giants continue to dump stocks

New analysis of SEC filings shows that firms run by some of the biggest names in US hedge funds sold a net $18bn of stocks in the first quarter

Apple was the stock most sold by prominent US hedge funds in the first quarter
Apple was the stock most sold by prominent US hedge funds in the first quarter Photo: iStock

Prominent US hedge fund managers continued to pull money out of equities in the first quarter, according to new research – a trend that has since accelerated in the wider investment community.

S&P Global Market Intelligence analysed quarterly 13F disclosures of hedge funds each holding fewer than 100 stocks and found that the first three months of 2016 marked the second consecutive quarter in which these managers had reduced holdings.

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