The top 50 hedge funds increased its holdings in S&P 500 (INDEXSP:.INX) materials and decreased stakes in consumer discretionary across large, mid, and small-caps during the third quarter of 2012, according to the report of analysts from Credit Suisse Group AG (NYSE:CS). The analysts also found that the top 10 hedge funds decreased their active weights in six out of ten S&P 500 sectors. They used the data from the 13 filings of the hedge funds to determine which stocks received significant amount of investments and which sectors were had active weight or underweight in the third quarter. Based on data, consumer discretionary decreased in active weight significantly in the third quarter. Material and financial had the greatest increases while the health care sectors’ active over weight turned negative during the period. The active weights in the information technology sector decreased the most across the three capitalization. See figures below: Analysts also found that Sears Holdings Corporation (NASDAQ:SHLD) received the highest percentage of investments from the top 50 hedge funds in the third quarter, accounting for 40 percent. AutoNation, Inc. (NYSE:AN) ranked second with 39 percent. Below is the Top 15 Hedge Fund Owned Stocks:
Meanwhile CVR Energy, Inc. (NYSE:CVI) and Federal-Mogul Corporation (NASDAQ:FDML), both ranked as the top holdings of the top 50 hedge funds for among mid and small-cap companies with 84 percent and 78 percent respectively.
