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Hedge funds managed approximately $159 billion in Q4

Staff writer |
The Q4 Hedge Fund Tracker analysis finds that the top 10 hedge funds were hit hard by U.S. stock market performance in Q4.

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S&P Global Market Intelligence released its review of Q4 2015 13F filings by pure play hedge funds.

The financials sector was the most-sold among hedge funds.
The quarterly S&P Global Market Intelligence Hedge Fund Tracker is an aggregate analysis of hedge fund equity ownership that highlights hedge fund investments in specific stocks and sectors.

In total, the top funds managed approximately $159 billion in Q4, down $44 billion from Q3 2015. The funds also decreased the total number of stock positions held from 441 to 427, the fewest stock positions held throughout 2015.

The 10 largest funds bought $1.5 billion in energy sector stocks.
Financial stocks led the sell-off, with Lloyds Banking Group ranking as one of the most sold-off individual stocks of the quarter. The highest volume of buying occurred in the energy sector, with Pioneer Natural Resources ranking as the top energy buy among hedge funds.

Hedge funds buy energy: The worst performing sector of 2015 in the S&P 500 was also the most-bought sector by pure play hedge funds in Q4.

The 10 largest funds bought $1.5 billion in energy sector stocks during the quarter, with Pioneer Natural Resources and Williams Company ranking as the most-bought single stocks in the sector.

Hedge funds sell financials: The financials sector was the most-sold among hedge funds, with a total of $2.2 billion in net sells during Q4. The most-sold stock in the sector was Lloyds Banking Group.

Five most-bought stocks: The top 5 buys among hedge funds were American International Group ($2.5 billion), The Priceline Group ($1.6 billion), Valeant Pharmaceuticals ($1.3 billion), Teva Pharmaceuticals ($1.3 billion), and Apple ($1.2 billion).

Priceline was also the most popular new position among the largest hedge funds with three funds taking significant positions in the company.

Five most-sold stocks: The top 5 sells among hedge funds were Allergan ($2.1 billion), Next Plc. ($1 billion), Walgreens Boots Alliance ($975 million), Lloyds Banking Group ($903 million), and Halliburton Company ($898 million).

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