This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Financial Stocks Hedge Funds Love

BALTIMORE ( Stockpickr) -- What's the smart money buying this summer? Financial stocks, for one thing. So far, just shy of a hundred hedge funds have reported their second-quarter holdings to the SEC, and these fund managers have been piling on the financial sector, adding onto a small number of names.

"13F season" is officially starting to get red hot, and the early holdings being reported by hedge funds are telling -- especially because they're subject to less lag right now.

And since we're looking at fund holdings in the aggregate, they're less impacted by the fact that some funds might not have filed yet. Consider it a sampling of the trillions of dollars managed by hedge funds: a sneak peak.

>>5 Stocks Set to Soar on Earnings

It's clear already, though, that hedgies are buying financial stocks. And not just any financial stocks. With anxiety still prevalent in the market this quarter, hedge funds focused on buying staid, large names in the financial sector, looking to snap up bargains in a group that's underperformed the S&P 500 in 2012 without turning to the risks of big banks.

To peek at hedge fund holdings, we're turning to a new set of 13F filings that are hitting the SEC's mailbox right now.

>>5 Stocks Poised for Breakouts

Institutional investors with more than $100 million in assets are required to file a 13F - a form that breaks down their stock positions for public consumption. From hedge funds to mutual funds to insurance companies, any professional investors who manage more than that $100 million watermark are required to file a 13F. And by comparing one quarter's filing to another, we can see how any single fund manager is moving their portfolio around.

Without further ado, here's a look at 5 financial stocks hedge funds love.
1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
ALL $65.41 0.00%
AIG $55.94 0.00%
COF $71.97 0.00%
HTS $15.79 0.00%
SCHW $28.00 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs