3 Brand-Name Stocks Billionaire Money Managers Ditched in the Third Quarter

November brings more to investors' tables than pumpkin-spiced lattes and turkey dinners. It also happens to be one of the four months a year where 13-F filings with the Securities and Exchange Commission are due. A 13-F is a required holdings disclosure for money managers with more than $100 million in assets under management. In other words, once every quarter (45 days after the previous quarter has ended, to be precise) we get a look under the hood at what the wealthiest and possibly brightest money managers have been up to in the preceding three months.

While even the wealthiest money managers are fallible, just like the retail investor, they didn't get to be in the position they are today without having a pretty good understanding of how businesses work. Therefore, paying attention to the stocks they bought and sold can tell us a lot about investors' sentiment, and perhaps even clue us into trends we may not have noticed.

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Source: Fool.com