3 Surprising Stocks Money Managers Bought Hand Over Fist in Q1

You may not have realized it, but one of the most important days of the quarter came and went last week. On May 17, institutional investors and hedge funds with more than $100 million in assets under management were required to file Form 13F with the Securities and Exchange Commission. In doing so, they effectively lifted the hood on their buying and selling activity during the first quarter.

Even though 13Fs have their flaws -- the snapshots they provide are at least 45 days old -- they can provide valuable information, such as the trends catching the attention of some of the brightest and most-successful money managers. One trend that certainly stood out in Q1 was that money managers weren't too excited about growth stocks. Finding stocks with double-digit sequential share ownership growth by 13F filers was incredibly difficult, compared to previous quarters.

And yet, the following three extremely surprising stocks were bought hand over fist by money managers in Q1.

Source Fool.com