Revealed: Hedge funds' most bought and sold stocks in Q2
Industry floods out of consumer discretionary sector
$1.24bn of Microsoft stock was bought by hedge funds in Q2 while $1.15bn was sold elsewhere.
Hedge funds were divided on their outlook for Microsoft in the second quarter of 2017, making the tech giant the most bought and third most sold stock among long/short managers during the period.
Analysis from S&P Global Market Intelligence's Hedge Fund Tracker shows that hedge fund managers bought 18.1 million shares of Microsoft stock in Q2 - a total investment of $1.24bn - while $1.15bn of the...
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