Here they are: The darlings of hedge fund stock pickers.
S&P Global Intelligence has released its Hedge Fund Tracker, which takes a look at the holdings of the ten largest pure play hedge funds.
Such firms focus on stock picking, have less than 100 positions, and are more activist in their nature than other hedge funds.
Viking Global Investors, the Greenwich, Connecticut-based firm, came in at number one with $23.8 billion in assets, according to the report.
In total, the 10 firms have positions in 389 stocks.
Following are the five biggest buys made by the top hedge funds last quarter.
SEE ALSO: Meet the 9 hedge fund managers who made the most money in 2016
5. Formula One Group - $765 million
Soroban Capital, a New York-based fund founded in 2010, and Viking Global Investors both own 12 million shares apiece, with each holding a 6.9% stake. They are the top two shareholders in the company.
Source: Bloomberg
4. Constellation Brands - $859 million
Soroban has a 2.7% stake in Constellation Brands with 4.6 million shares. Lone Pine Capital, another Greenwich, Connecticut-based firm, has a 4.2% stake with 7.2 million shares.
Source: Bloomberg
3. Marriott - $1.4 billion
Soroban Capital also has a big position in Marriott. The firm has a 5.46% stake with 20.6 million shares.
Source: Bloomberg
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