3 Popular Stocks Money Managers Couldn't Stop Selling in Q1
Being an optimist has been a moneymaking bet for long-term investors. For instance, even though the widely followed S&P 500 tumbled 34% in less than five weeks during the first quarter of 2020, it quickly rallied to new highs not long thereafter.
But not every stock is going to head higher.
During the first quarter, three exceptionally popular stocks were heavily sold by institutional investors and hedge funds. We know this because investment firms with at least $100 million in assets under management are required to file Form 13F with the Securities and Exchange Commission (SEC) once a quarter. A 13F provides a snapshot of what the brightest and most successful money managers have been buying and selling.
Source Fool.com
