ALB Limited 23.05.2023

Stocks Favored by Funds in the First Quarter

Morgan Stanley has revealed the stocks that attracted hedge funds during the first quarter.
Hedge funds are required to file a 13F report with the SEC each quarter. This report provides detailed information about the securities, their values, the number of shares held, and other relevant information for institutional investors during the previous quarter.
After reviewing hundreds of 13F filings, Morgan Stanley disclosed the stocks that caught the attention of the largest funds.
-Victoria's (VSCO), whose shares have declined approximately 30% this year, made it into the top 10 stocks of interest for the funds.
-Western Alliance (WAL), which saw its shares drop by around 40% amid ongoing uncertainties in the banking sector, also secured a place on the list. It is yet to be determined whether the funds saw Western Alliance, a banking giant, as an opportunity or employed a short-term strategy.
-Another name from the banking sector on the list is First Republic Bank, which was acquired by JP Morgan Chase earlier this month (FRCB). It is also possible that some funds will close their short positions in this stock.
-Syneos Health (SYNH), whose shares have risen approximately 20% since the beginning of the year, is among the stocks purchased by the funds in the first quarter.
-Exelixis (EXEL), which has outperformed the Nasdaq in terms of gains this year as it continues to recover its losses, is another stock that made it onto the list.
The list continues with New York Times (NYT), Ginkgo Bioworks (DNA), Burlington Stores (BURL), and Horizon Therapeutics (HZNP).

Tags: morgan stanley, stock

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