Legendary Funds Buying Freeport McMoRan And Vale, Selling These 3 Other Metals Mining Stocks
By Ganaxi Small Cap Movers:Metals Miners as represented by the SPDR S&P Metals and Mining ETF (XME) are down about 7% for the year, after giving back gains from a new year's rally in January that carried the average stock in the group up 16% in the first five weeks of the year. In this article, via an analysis based on the latest available institutional 13-F filings, we identify metals mining company stocks that are being accumulated and those being distributed by legendary or guru fund managers. The legendary or guru fund managers included, such as Warren Buffet, George Soros, Carl Icahn, Steven Cohen and Mario Gabelli, are well-known for their savvy in picking winning stocks year after year. Taken together, these guru fund managers are bearish on the group, cutting a net $75 million in Q4 from their $1.65 billion prior quarter holdings in the group (for more general information on these guruComplete Story »
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