BOSTON ( The Street Ratings) -- Wall Street's brightest investment minds were required to release their holdings at last night's deadline, giving mere mortals insight into their strategies.
Here's a breakdown of the top hedge fund and investment managers, and the winning and losing industries and stocks during the first quarter, the latest for which information is available.
Within financials, Appaloosa Management, a top-performing hedge fund firm run by David Tepper, cut its bank-stock holdings by 15%. While Citigroup (C) remains Tepper's top position, he sold nearly 4 million shares in the quarter, while also dumping almost 8 million shares of Bank of America (BAC).
Paulson & Co., overseen by multibillionaire John Paulson, stuck with the financial sector, remaining a big holder of Citigroup, Bank of America and Wells Fargo (WFC). TheStreet Ratings' model, based on quantitative information, has a "hold" on Bank of America and Citigroup, yet favors Wells Fargo, which is rated "buy."
|David Einhorn (Greenlight Capital)|
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