NEW YORK (TheStreet) -- Which stocks did big hedge fund managers scoop up in the first quarter?
Health care stocks, apparently. In the first quarter, hedge funds poured $4.79 billion into the sector, according to S&P Capital IQ's, a division of McGraw Hill Financial (MHFI), quarterly hedge fund tracker. The report analyzes Securities and Exchange Commission 13-F filings by the 10 largest hedge funds by asset size to spotlight big buying and selling trends.
Following health care stocks, hedge fund managers put $1.47 billion investing dollars into the industrial sector as well as $1.13 billion into energy stocks, despite the oil price slump. On the flip side, hedge fund managers sold out of information technology stocks, with $1.19 billion in net sells last quarter followed by consumer staples companies with $299 million in net sells, S&P Capital IQ found.
Check out the five stocks with the biggest investment by hedge fund managers. TheStreet highlights notable new or added positions on each of the five stocks, pairing the companies with ratings from TheStreet Ratings. And when you're done be sure to check out which stocks hedge funds hated last quarter.
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