We just passed the latest 13F reporting deadline last week, and that means hedge fund managers have disclosed their latest holdings.
Anyhow, the important thing to remember is that hedge funds and iconic investment managers can always have a bad year — and that their recommended stocks to buy now aren’t guaranteed to deliver a profit or beat the S&P 500.
Besides, even if they are having a great year, the hedge fund information you get in 13F filings are inherently old news because they are coming from last quarter’s portfolio makeup.
If you really want to trade what the “smart money” is trading, the best way is to focus on the stocks that hedge funds writ large are buying and selling — and thus rely on the power of several well-heeled managers to backstop your investments instead of just following one particular fund’s strategy.
So what stocks do dozens of hedge funds all have in common right now? Well, the folks over at HedgeMind have compiled a great list based on the latest publicly available information.
Here’s a breakdown of the 10 stocks hedge funds love most right now: