9 Stocks Institutional Investors Bought En Masse Last Quarter
Looking at 13F statistics, the most popular stock among hedge funds in the fourth quarter was Apple Inc. (NASDAQ: AAPL), with almost 2,000 institutions betting on it.
Let's take a closer look.
According to Whale Wisdom, Walgreens saw the most new arrivals (997). The company changed its ticker; Walgreens formerly traded as WAG until the last day of 2014.
Similar was the case of Anthem Inc, formerly WellPoint Inc. (NYSE: WLP), which witnessed 675 new arrivals.
The third most popular in terms of arrivals was California Resources Corp (NYSE: CRC), which was spun off of Occidental Petroleum Corporation (NYSE: OXY) over the fourth quarter. The company now counts the support of more than 510 institutional investors, including Mason Hawkins’ Southeastern Asset Management, which disclosed ownership of $184 million in stock last quarter.
CDK Global Inc (NASDAQ: CDK) is next, and saw 471 new institutional investors last quarter, including Jeffrey Tannenbaum’s Fir Tree.
Other popular stocks were:
- Kinder Morgan, Inc. (NYSE: KMI), with 439 new arrivals
- Keysight Technologies Inc (NYSE: KEYS), with 346 new arrivals
- KLX Inc (NASDAQ: KLXI), with 285 new arrivals
- Alibaba Group Holding Ltd (NYSE: BABA), with 263 new arrivals
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.