BALTIMORE (Stockpickr) -- It's no surprise that investors want to know what professional fund managers are buying. After all, knowing what a successful investor is doing with his firm's cash can tell you a lot about where you might want to put yours.But why isn't there the same amount of attention on the stocks that fund managers hate? There should be. It's one thing to know when Wall Street thinks a stock is headed higher, and yet another when professionals think that it's poisoning their portfolios. Knowing which stocks to avoid can mean the difference between a strong year for your stocks and a horrific one. >>5 Stocks the Big Funds Love for 2012 With that, we're taking a look at the stocks fund managers unloaded the most in the last quarter -- and why. To do that, we're focusing on 13F filings. 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. In total, 3,081 firms filed the form for the third quarter of 2011, and by comparing one quarter's filing with another, we can see how any single fund manager is moving his or her portfolio around. We're not just talking about share sales here -- we're also talking about declines in total value. With year-end just a couple of weeks away, funds are in window dressing mode, unloading losers and picking up winners; that could mean that these hated stocks are due for more selling into the end of the year.Without further ado, here's a look at five stocks fund managers hate.
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Bank of America
Freeport-McMoRan Copper & Gold
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