Alibaba, Dollar General and 3 Other Stocks Big Hedge Funds Hated Last Quarter

NEW YORK (TheStreet) -- Which stocks did big hedge fund managers shy away from in the first quarter?

Hedge funds hated information technology stocks, with $1.19 billion in net sells last quarter, followed by consumer staples companies with $299 million in net sells, 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.

Among the most sold stocks were Alibaba (BABA) and Dollar General (DG), with $1.1 billion and $900 million in net sales, respectively, said S&P Capital IQ.

On the flip side, big hedge fund managers poured nearly $5 billion into health care stocks, last quarter. 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.

Check out the five stocks with the biggest sell off by hedge fund managers. TheStreet highlights notable sold 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 hedge funds' biggest buys last quarter.

TheStreet Ratings, TheStreet's proprietary ratings tool, projects a stock's total return potential over a 12-month period including both price appreciation and dividends. Based on 32 major data points, TheStreet Ratings uses a quantitative approach to rating over 4,300 stocks to predict return potential for the next year. The model is both objective, using elements such as volatility of past operating revenues, financial strength, and company cash flows, and subjective, including expected equities market returns, future interest rates, implied industry outlook and forecasted company earnings.

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