Hedge funds had to publish their 13F filings on Friday, and that means we have insight into what the biggest names in finance were buying and selling in the second quarter.
There are a few standout investments: Tech-focused hedge fund Tiger Global took a big position in Netflix, while Jana Partners invested in Precision Castparts right before Warren Buffett announced a takeover of the company.
A number of funds also took positions in pharmaceuticals stock Perrigo, including Kyle Bass of Hayman Capital.
Alibaba was another stock to see hedge fund action in the second quarter. David Tepper's Appaloosa Management bought into the Chinese e-retailer, while Tudor Investment Corporation — led by billionaire Paul Tudor Jones II — sold out.
Here is a breakdown of what the biggest names in finance were buying and selling in the second quarter, based on Bloomberg data on the top buys and sells by market value.
Leon Cooperman at Omega Advisors
The $9 billion hedge fund opened positions in Priceline, Google, Springleaf Holdings, Gulfport Energy, and MGM Resorts in the second quarter, according to his fund's 13F filing. The hedge fund sold out of Humana, Caesars Entertainment, IBM, SandRidge Energy, and Time Warner Cable.
Carl Icahn at Icahn Associates
Activist investor Icahn Associates opened positions in Gannett Co. and Cheniere Energy, and it sold its stake in Netflix, according to the fund's 13F.
Dan Loeb at Third Point
Third Point opened positions in Baxter International, T-Mobile US, Sealed Air, Devon Energy and Perrigo, according to the fund's 13F. It sold out of Dollar General, McKesson, Edgewell Personal Care, Maxim Integrated Products, and FleetCor Technologies.
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