The 'Hateful' Eight: 8 Stocks Institutional Investors Dumped Last Quarter

Institutional investors make millions -- if not billions -- of transactions each quarter. Some are bullish, others are bearish.

Let's take a look at the latter, with data via Whale Wisdom.

The 'Hateful' Eight

The least popular stock in the fourth quarter was Halliburton Company HAL, which saw 197 institutions sell their stakes. The biggest bears were David Tepper’s Appaloosa Management, which dumped more than 5 million shares, and Donald Chiboucis’ Columbus Circle Investors, which got rid of 3.9 million shares.

Related Link: 9 Stocks Hedge Funds Bought En Mass Last Quarter

Another very unpopular stock was an over-the-counter penny stock: GT Advanced Technologies Inc GTATQ, which saw 171 institutions close out their bets.

Third in line was Apache Corporation APA, which witnessed the departure of 157 institutions including Lazard Asset Management, who sold almost 3.5 million shares. Barry Rosenstein’s Jana Partners disposed of approximately 3.35 million shares.

Other stocks that saw at least 130 institutions leave (each) were:

• Freeport-McMoran Copper & Gold, Inc. FCX
• Medtronic, Inc. MDT
• Occidental Petroleum Corporation OXY
• Trinity Industries, Inc. TRN
• Transocean Inc. RIG

Image credit: Mai Le, Flickr