Smart Money Analysis: Top plays by hedge funds in Q2

Wed Sep 2, 2009 7:32am BST

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(Reuters) - Many of the biggest hedge funds increased investments in U.S. financial institutions in the second quarter, betting on a rally in a sector that had been associated with the biggest risks over the past year.

The following tables show the biggest purchases and sales by 30 top hedge funds in the quarter, with percentage changes compared to the first quarter, according to data compiled by the Thomson Reuters Ownership Content Specialist Group.

TOP 10 INCREASES IN EXISTING POSITIONS

ISSUER SHARE CHANGE % CHANGE % OF FIRMS

(Million) (Shares) INCREASING

Bank Of America Corp (BAC.N) 283.4 1,215.73 8

E*TRADE Financial Corp (ETFC.O) 105.3 481.21 4

Sun Microsystems JAVA.O 81.8 2,245.89 5

Schering-Plough Corp SGP.N 75.1 298.98 8

Regions Fin Corp New (RF.N) 70.8 2,752.75 5

Food Motor Co (F.N) 48.1 876.98 7

AngloGold Ashanti Ltd (ANGJ.J) 39.3 996.54 1

Fifth Third Bancorp (FITB.O) 29.7 295.27 5

Wyeth WYE.N 27.7 41.57 11

JPMorgan Chase & Co (JPM.N) 25.8 58.76 10

TOP 10 DECREASES IN EXISTING POSITIONS

ISSUER SHARE CHANGE % CHANGE # OF FIRMS

(Million) (Shares) DECREASING

Citigroup Inc (C.N) 44.8 -55.68 6

Las Vegas Sands Corp (LVS.N) 27.4 -54.81 4

SPDR Gold Trust (GLD.P) 26.1 -39.77 8

Microsoft Corp (MSFT.O) 20.8 -35.27 5

SLM Corp SLM.N 18.3 -65.68 5

Qwest Communications (Q.N) 16.2 -86.39 3

Carnival Corp (CCL.N) 15.9 -77.91 2

RRI Energy Inc RRI.N 15.4 -69.44 3

Southwest Airlines (LUV.N) 13.7 -29.69 4

TOP 10 NEW POSITIONS

ISSUER VALUE CHANGE # OF FIRMS

($million) BUYING IN

Johnson Controls Inc (JCI.N) 98.97 2

Solarwinds Inc (SWI.N) 87.24 8

Autoliv Inc (ALV.N) 81.87 3

Li Ning Co Ltd 58.89 1

iShares Inc (EWC.N) 38.95 3

AboveNet Inc ABVT.N 26.78 3

Retail HOLDRS Trust (RTH.N) 19.56 1

iShares Inc (EWM.N) 13.35 1

Digitalglobe Inc (DGI.N) 13.11 3

Government Properties (GOV.N) 11.24 2

TOP 10 SELL-OUTS

ISSUER VALUE CHANGE # OF FIRMS

($million) SELLING OUT

Comcast Corp (CCZ.N) 2.4 1

Motors Liquidation Co MTLQQ.O 100.14 6

Ebay Gmarket Co Ltd EBGMY.O 36.82 4

Select Sector SPDR (XLI.N) 26.39 2

Keycorp New (KEY.N) 25.04 1

SPDR Series Trust (XRT.N) 16.99 3

Diamonds Trust (DIA.N) 12.75 1

Infineon Tech IFNNY.O 11.02 5

General Growth Prop GGWPQ.N 10.94 4

Cleco Corp (CNL.N) 10.58 4

For a list of the top 30 hedge funds, go to here

For a pie chart of the portfolio breakdown by sector, go to here

For a graph on the change in market value by sector, go to here

(Reporting by Oswald Blackwood in New York; Editing by Ted Kerr)