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Top Three Smart Money Trends

Wednesday, August 15, 2012 - 03:11

Aug 15 - It's that time again when billionaire investors and hedge fund managers disclose what they bought in the second quarter. Here are the top three things to know with Reuters' Katya Wachtel.

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It's that time again went billionaire investors in hedge fund managers tell us mere mortals what they -- in the most recent quarter. Here at the top three things to with Reuters has fun correspondent Katzenbach good to see it. Now let's banking because we have some very. News that it more and it turns out that was that stock that was in focus in these thirteen F filings that our a lot of hedge fund manages that decided JPMorgan was way right -- -- -- -- the stock lost 23%. The salad credit derivatives that night headlines. And somehow it -- thought well that's a great opportunity to buy the stock. People like John Paulson -- JPMorgan. In channels as well officials telling people stuck with well. Jamie Dimon and you'll. He also book stop and I am very you know the thing to Jamie Dimon the CEO checking out and they thought it was a great value stock and decided okay obviously -- The losses. Which could be into the billions. Nine on -- bank -- -- and it's a great value stock now that other hit from manages. Thought otherwise flee and leave maverick capital exited his position we can you run small capital management. I left as well so some time and it is so great we object okay it's -- now on the thought -- we don't wondering. And other interesting area with health care of Smart you really like health care in the quarter and trying to figure out what that's about and that it continues health care was again in the pocket -- manages. It may be to do with the fact that the Supreme Court upheld Obama cash. And apple is going to be more profits though people think they'll be more profits and -- the health insurance so tired hedge fund managers like them lives. That point -- and David Einhorn -- -- I lot of health care insurance stocks. And John Paulson upped his stake in HCA holdings massively lot -- as well. They've had time and it is obviously. A bullish on health care insurance. Think that's gonna be more money -- in the coming months we'll -- you can use it. So you know all summer we've been talking about a certain social media site you can guess which one it is yeah but that's not to get so I'm interested and -- hedge fund managers got in on that stuff we were interested as well and basically when -- filings dot com and heard. We were pouring over them looking to see which hedge fund managers expect from him that is picking up Facebook's stock and we didn't say that many that's not to say they didn't buy and sell before you daddy which -- the deadline to submit your holdings at the end of logical. Please don't take Coleman's -- global. I able stopped that day where pre IPO -- past that might have reflected that -- AC capital on my state Colin I had FaceBook stock at the end of the second called. And -- are us who these. Very closely watched he had -- as well. But it happened three weakness in any brand name manages investing in -- essentially flat of course we'll see next quarter say hold on -- -- the stock is on the line may be just the time and time does decide. To get in because it's all right captain banks get to talk to you. I'm Rhonda schaffler is this Reuters.

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Top Three Smart Money Trends

Wednesday, August 15, 2012 - 03:11