(Bloomberg) One of the big takeaways from the 13Fs is that a boatload of funds had the premonition to pare or exit their positions in large-cap tech during the third quarter, or just before the market rout began in October. Sorting by changes in aggregated market value, some of the largest sell-offs came in the GICS-revamped Communication Services sector (down 0.6% quarter-over-quarter for the largest decline among all groups, as the graphic below shows), particularly for two members of the FAANG complex (Facebook and Alphabet), Twitter, Baidu, and Zillow.
Introducing the New Crop of Hedge Fund Hidden Gems: Taking Stock
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