Revealed: Hedge funds' most bought and sold stocks in Q2

Industry floods out of consumer discretionary sector

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 stock was sold elsewhere. The analysis of hedge fund 13F regulatory filings found that Facebook suffered the biggest sell-off among hedge funds in Q2, with sales of $1.46bn, followed by health insurance firm Humana, which saw $1.32bn of outflows. Fees/flows/asset rotation: Ten major hedgefund trends for 2017 Microsoft was in third place followed by fellow tech firms in the most sol...