A single fund, Lone Pine Capital, purchased $998 million in eBay stock over the course of the quarter. Emerges as Top Buy: Although information technology was one of the third quarterвЂ™s most sold-off sectors, eBay emerged as the largest single stock buy among hedge fund investors.

Equity Holdings Down $50 Billion from Last Year: Eight of the 11 sectors of the S&P 500 were net sells among hedge funds in Q3, with total equity holdings among the largest funds having fallen roughly $50 billion from last year to $145 billion through Q3 2016.The largest single stock sell-off among hedge funds this quarter was Allergan, with $1.5 billion sold by Icahn Capital, Viking Global and Third Point. Hedge Funds Exit Healthcare: The largest net sector sell-off among the top 10 largest hedge funds was healthcare, with $2.4 billion sold in Q3.вЂњMore broadly, the trend in healthcare is illustrative of a much more concerted move by hedge funds out of equity holdings throughout 2016 it will be instructive to see how that approach evolves in the coming months.вЂќДЇollowing is a summary of findings in the Q3 2016 Hedge Fund Tracker: presidential election,вЂќ said Pavle Sabic, Head of Market Development, S&P Global Market Intelligence. вЂњThe significant sell-off in healthcare stocks this quarter may suggest that hedge funds were expecting former Secretary of State Hillary Clinton вЂ“ who campaigned heavily on limiting drug prices and reinforcing healthcare reforms вЂ“ to win the U.S. Stocks in the healthcare and information technology sectors were the most sold off last quarter. These funds increased the total number of positions to 424 in Q3 from 399 in Q2, which was a record low for stock positions held since S&P Global Market Intelligence began tracking this data in 2014. The latest Hedge Fund Tracker analysis shows the top funds managed approximately $145 billion in equity holdings, down from the $150 billion under management in Q2, and down more than $50 billion from the highs reached in 2015. The quarterly S&P Global Market Intelligence Hedge Fund TrackerВ is an aggregate analysis of hedge fund equity ownership that highlights hedge fund investments in specific stocks and sectors. 17 2016 - S&P Global Market Intelligence, a leading provider of multi-asset class research data and insights, today released its review of Q3 2016 13F filings by pure play hedge funds.

Best performing mutual funds q3 2016