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.
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