The Wall Street firm analyzed hundreds of 13F filings last week to find the most popular stocks hedge funds picked up over the volatile quarter. Money managers with more than $100 million in assets under management are required to disclose long positions with the Securities and Exchange Commission 45 days after a quarter ends.
Western Alliance, in particular, has been struggling amid concerns about deposit outflows. The impact of higher interest rates led to a run on deposits at Silicon Valley Bank, Signature Bank and First Republic, which were all seized by regulators in the span of a few weeks. Western Alliance has tumbled more than 40% this year, while Western Union is down about 11%.
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Source: CNBC - 🏆 12. / 72 Read more »