So, during the March Madness blood bath, where did all the big money go?
Well, it is not surprising that hedge funds and money managers poured their capital into Netflix, Peloton, Zoom, and Amazon. They also invested in a myriad of quarantine stocks.
Bloomberg put together a comprehensive list of what the most popular hedge funds did in the first quarter of 2020:
ADAGE CAPITAL
Top new buys: SO, MNTA, AMTD, SAFM, OSK, GLD, CX, REGN, ATRC, OGE
Top exits: MMM, JCI, VST, SWX, SCHW, ECL, USB, SPG, MDU, AMRN
Boosted stakes in: HON, LMT, TGT, LLY, ROST, AMZN, TEL, TJX, DG, SRPT
Cut stakes in: RTX, BAC, JPM, BURL, T, BA, AAP, BRK/B, MA, UA
BALYASNY ASSET MANAGEMENT
Top new buys: ATVI, LOW, DG, INTC, JPM, CHTR, TTWO, ICE, PFE, TFC
Top exits: AIG, PNC, BAC, UNP, ETN, FB, BA, RTX, SPGI, MKL
Boosted stakes in: NFLX, BSX, QGEN, JD, AMTD, ABBV, LM, KBR, HAS, LMT
Cut stakes in: XOM, LHX, AJG, CRM, AAP, DE, ESS, AXP, ZEN, GS
BAUPOST GROUP
Top new buys: GOOG, FB, HDS, ET, XPO, SPR
Top exits: BMY, SYF, NUAN, ERI, MDRIQ
Boosted stakes in: EBAY, HPQ, MCK, CARS, QRVO, NXST, LBTYK
Cut stakes in: LNG, UNVR, PCG, ABC, AKBA
BERKSHIRE HATHAWAY
Top exits: TRV, PSX
Boosted stakes in: PNC, UAL, DAL
Cut stakes in: JPM, GS, GM, LUV, AAL, SYF, AXTA, SIRI, SU, VRSN
BRIDGEWATER ASSOCIATES
Top new buys: UNH, MCD, LMT, PM, PEP, ACN, SPGI, ABT, HON, FIS
Top exits: JPM, BAC, WFC, C, USB, GS, MS, BLK, PNC, ADS
Boosted stakes in: HD, SHW, LOW, ZTO, TAL, GDS, PDD, ORLY, WUBA, IQ
Cut stakes in: SPY, VWO, IVV, EWZ, IEMG, HYG, EWT, VEA, EFA, IEFA
COATUE MANAGEMENT
Top new buys: JD, TSLA, CRWD, CREE, LRCX, ZM, FIT, CGC, BBBY, DDD
Top exits: ATVI, WDAY, EA, XRX, ILMN, CRM, V, PDD, INTU, SCHW
Boosted stakes in: NKE, DDOG, NFLX, PTON, MU, AMZN, PYPL, GDOT, GLUU, DT
Cut stakes in: NOW, MA, LBRDK, TWTR, ADBE, BABA, FB, RNG, MSFT, SHOP
CORSAIR CAPITAL MANAGEMENT
Top new buys: VRT, QQQ, AAPL, CHNG, CC, PSEC, BBCP
Top exits: IWM, IWO, MDY, EQH, AER, ALLY, CASH, DSSI, LTHM, SBLK
Boosted stakes in: MSFT, SPY, GOOG, SMIT, CUBI, INFO, CHDN, PRSP, IQV, HMHC
Cut stakes in: SPXC, KRA, FMC, HGV, LAUR, RHP, PLYA, VOYA, TROX, AON
CORVEX MANAGEMENT
Top new buys: CRM, BABA, ATVI, UNP, VMC, MPC, GLD, NFLX, MTCH, CNC
Top exits: FSCT, RTX, TMUS, TWLO
Boosted stakes in: ZEN, ATUS, AMZN, MGM
Cut stakes in: FANG, MSGS, ADBE
D1 CAPITAL PARTNERS
Top new buys: DHR, MSFT, LYV, AZO, MU, PPD, NKE, UNH, USB, BAC
Top exits: NOW, ARMK, CHWY, NVST, CRM, EXAS
Boosted stakes in: ORLY, DIS, FB, FIS, LVS, JD, HLT, GOOGL, LIN, BABA
Cut stakes in: NFLX, AMZN, TME, CCC, RACE
DUQUESNE FAMILY OFFICE
Top new buys: PYPL, IQV, QCOM, TAL, EDU, LVS, TME, LK
Top exits: IWM, EEM, JPM, HDB, FDX, PNC, WFC, AEM, MPC, SNAP
Boosted stakes in: AMZN, NFLX, BABA, FB, GOOGL, ALNY, JD, FIS, NOW, ADBE
Cut stakes in: GE, INDA, MSFT, FCX, HD, SE, ABT, COUP, PLAN, SNE
EMINENCE CAPITAL
Top new buys: GLD, VRT, HDS, QSR, CHNG, PANW, MAR, BKNG, DD, SEE
Top exits: PGR, EA, TTWO, MNST, PYPL, DPZ, WW, LB, NVST, EQIX
Boosted stakes in: MS, AVTR, HAE, RCL, PINS, SHAK, DHI, ABG, UBER, NEWR
Cut stakes in: BABA, GDDY, SCHW, NTNX, CI, CF, IQV, RJF, ICE, CNC
ENGAGED CAPITAL
Cut stakes in: APOG, NCR, INWK
FIR TREE
Top new buys: DELL, CMCSA, DIS, EXC, FLT, SHLL, THCA, GIX, NFIN, PIC
Top exits: VER, JNJ, LHX, SATS, RTX, VVNT, PAE, VRT, DKNG, I
Boosted stakes in: TMUS, ANTM, TRNE, LCA, SLM
Cut stakes in: LAUR, CTXS, BKNG, CNC, CHAP, FPAC, MSFT, OAC
GREENLIGHT CAPITAL
Top new buys: CHNG, CCK, CNC, MO, PAYX, AXP, GS, DHR, BRK/B, DIS
Top exits: GM, DXC, SGMS, SATS, TPX, CEIX
Boosted stakes in: CNX, BHF, AER
Cut stakes in: CC, ADNT, ATUS, TGP, XELA
ICAHN
Top new buys: DK
Boosted stakes in: OXY, WBT, NWL, HTZ, LNG
IMPALA ASSET MANAGEMENT
Top new buys: TGT, SIX, CSX, VMC, AAWW, MA, AMZN, FDX, EXP, FUN
Top exits: HES, GD, FCX, CAT, CLR, XOP, HD, WAB, TRN, PII
Boosted stakes in: KSU, MSFT, PCAR, KNX, TTWO, KBH, NVR, HOG, UFI, LPX
Cut stakes in: RIO, SBLK, QCOM, WYNN
JANA PARTNERS
Top new buys: HI, NEWR
Top exits: ZBH, WMGI
Boosted stakes in: AXTA, JACK, BLMN
Cut stakes in: CAG, ELY, SPY, HDS
LAKEWOOD CAPITAL MANAGEMENT
Top new buys: MA, HCA, NSP, APO, AGNC, MCD, AMZN, CB, ICE, KFY
Top exits: CDK, ON, ATUS, SLV, GLD, MAS, RTX, FDX, KSS, BMCH
Boosted stakes in: WRK, GTS, BIDU, DELL, ANTM, CWK, FB, BC
Cut stakes in: C, CIT, ALLY, GS, ATH, CMCSA, WH, COF, WUBA, GOOGL
LANSDOWNE
Top new buys: NSC, ONEM, DAR, VTIQ, AGI, NKE
Top exits: AAL, TXN, GRUB, CVE, CNQ, GS
Boosted stakes in: FSLR, ETN, MU, RTX, SMMT, ADI, IQ, REGI, EGO, LRCX
Cut stakes in: DAL, UAL, TSM, GE, DHT, TT, BABA
LONG POND
Top new buys: RHP, MGM, AVB, VAC, JLL, CPT, CUZ, ESS, MLCO, MAA
Top exits: VTR, OC, DIA, LOW, LEN, CONE, PEAK, ALX, CTRE, EPR
Boosted stakes in: WH, FR, PEB, AIV, JBGS, KRC, HGV, RRR, HLT, MSGS
Cut stakes in: DHI, VNO, H, PGRE, SBRA, HPP
MAGNETAR FINANCIAL
Top new buys: WLTW, HPQ, ETFC, MEET, DLPH, BROG, IOTS, DLR, PPD, TERP
Top exits: SPY, MPLX, NVS, CCC, SDC, ANTM, MMP
Boosted stakes in: QGEN, PFE, WMB, KMI, EPD, BSX, PRGO, ABBV, CHNG, BMY
Cut stakes in: CZR, TIF, AMTD, WBC, ET, WMGI, PACB, LH, PAA, UBER
MAVERICK CAPITAL
Top new buys: ONEM, AMZN, MNTA, ALKS, BX, GME, DECK, ARMK, WEN, JACK
Top exits: WLK, INTC, AGCO, WDC, NKE, TAK, DEO, MKC, KSS, GIS
Boosted stakes in: QSR, HUM, MSFT, FB, KKR, FLT, NKTR, FTDR, PEP, ADBE
Cut stakes in: MNST, DXC, GOOG, CNC, TMUS, LOW, BABA, ALNY, STNE, NFLX
MELVIN CAPITAL MANAGEMENT
Top new buys: AZO, MSFT, DPZ, DRI, JD, LB, EFX, ADI, DECK, WEN
Top exits: ATUS, AWI, TEAM, SEAS, SE, BILL, CHWY
Boosted stakes in: AMZN, EXPE, BABA, TTWO, FIS, EDU, FISV, NFLX, IAA, FICO
Cut stakes in: WYNN, PLAN, MA, RACE, PUM, ADBE, NOW, DLTR, IQV, LK
OAKTREE CAPITAL MANAGEMENT
Top new buys: TMHC, BIDU, LBTYK, PBR, SRLP, ERI, WMB, BATL, MELI, SQM
Top exits: YPF, YETI, HUYA, VRS, FPI, XOG
Boosted stakes in: BABA, SMCI, AFYA, TV, INDA, CX, LOMA, VEON, TEO, PAM
Cut stakes in: IBN, BRFS, CEO, BCEI, MX
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Top new buys: JPM, NBR, FB, LEE
Top exits: UAL, DD, NRG, UNH, CCL, FANG, HES, DOW, GLD, WFC
Boosted stakes in: FOE, COOP, CNC, RTIX, AMCX, STKL, VICI, FLMN, NAVI, OCN
Cut stakes in: FISV, GOOGL, C, CIM, ASH, TRN, GTN
SOROBAN CAPITAL
Top new buys: AMZN, NOC, MSFT, LHX, FB, QSR, SNE
Top exits: MAR, NXPI, HLT, RTX, AXTA
Boosted stakes in: CSX
Cut stakes in: BABA, NSC, UNP, GOOGL, GRA
SOROS CAPITAL MANAGEMENT
Top new buys: AMZN, AAPL, V, TMUS, BKNG, STZ, CDK, LRCX, HDS, IAC
Top exits: TSG, BABA, FB, CRM, AMT, PYPL, PANW, AMD, C, FCX
Cut stakes in: GLD, GOOGL, ATUS, IBN, CHTR, YNDX, ORCC
SOROS FUND MANAGEMENT
Top new buys: TDG, XLU, MUB, LM, LQD, TMUS, ARMK, TCO, NI, LNT
Top exits: MDLZ, ADM, EPC, KDP, JPM, NLY, C, BAC, ALLY, NRG
Boosted stakes in: PTON, ATVI, ETFC, ALC, WMGI, DHI, AMTD, EQH, BK, ALL
Cut stakes in: LBRDK, VICI, GOOGL, ENR, NLOK, VST, UNH, BGCP, TIF, CZR
STARBOARD
Top new buys: CVLT, MMSI, GDOT, ACIW, REZI
Top exits: SPY, IWR, MGM
Boosted stakes in: BOX, GCP, MD, EBAY
Cut stakes in: CERN
TEMASEK HOLDINGS
Top new buys: BILL, BEAM, VRT, VMW, FSLY, UBER
Top exits: BP, TOT
Boosted stakes in: MA, DDOG, HDB, PYPL, TMO, BGNE, V
Cut stakes in: BABA, INFO, RDS/B, NIO, UNVR, WORK, STNE, VNET, TOUR, TAL
THIRD POINT
Top new buys: DIS, CHTR, ROP, TEL, SERV, SHW
Top exits: CPB, BSX, FOXA, FIVE, AMTD, BKI, SCHW, GO, XP, GTT
Boosted stakes in: AMZN, CNC, RACE, SHY
Cut stakes in: BAX, RTX, BURL, CRM, IQV, ADBE, DHR, AVTR, FIS, SNE
TIGER GLOBAL
Top new buys: ATH, PTON, DNK
Top exits: WORK, VXX
Boosted stakes in: WDAY, RNG, BABA, DDOG, PLAN, EDU, CRM, ADBE, MA, CVNA
Cut stakes in: APO, TDG, UBER, FLT, SPOT, GOOGL, AMZN, ZEN, PYPL, SMAR
TUDOR INVESTMENT
Top new buys: GLIBA, PYPL, AAPL, MAA, SBBX, DEI, KO, CERN, SOXX, GL
Top exits: IBKC, NNN, USB, LKQ, JCI, TAK, ESS, EXR, EQR, FLT
Boosted stakes in: LM, RTX, AMTD, ETFC, MSFT, PJT, EQIX, AMZN, MTCH, TTWO
Cut stakes in: SPY, CZR, TIF, EBAY, XLF, MPC, EW, PSX, TIP, STZ
VIKING GLOBAL INVESTORS
Top new buys: JPM, AXP, WDAY, CME, MU, ORLY, A, PGR, LVS, CHNG
Top exits: MNST, SQ, MET, UNH, ATVI, EQH, TXT, MCK, COUP, MIDD
Boosted stakes in: CMCSA, MSFT, FIS, CI, GOOGL, CNC, IR, AON, BSX, NSC
Cut stakes in: FB, NOW, ANTM, UBER, ADPT, MELI, CRM, NFLX, MOH, GOOS
WHALE ROCK CAPITAL MANAGEMENT
Top new buys: ZM, DOCU, JD, INTC, MU, ZS, LRCX, ATVI, NVDA, AAPL
Top exits: MTCH, MRVL, WDAY, SNAP, CRUS, GRMN, MELI, RVLV
Boosted stakes in: AMZN, TSLA, MSFT, CRWD, DDOG, FTNT, BILL, SHOP, FIVN, NOW
Cut stakes in: COUP, DIS, FB, STNE, CVNA, CDAY, W, TSM, BABA, MIME
(H/T Zero Hedge)
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