News Formal

Hedge funds piled into these stocks in the first quarter

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The hedge fund community bought a slew of stocks with conviction during first quarter's market turmoil, according to Morgan Stanley.

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%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hedge funds piled into these A.I. stocks during the first quarterMajor investors scooped up companies capitalizing on the latest artificial intelligence race during the first quarter.
Source: CNBC - 🏆 12. / 72 Read more »