Hedge funds made some pretty interesting bets in the first quarter of this year, and a lot of them, I believe, have mostly flown under the radar of investors. And while some of the smart-money bets may not have been the biggest needle-movers in the world, I do think that such big-name stock pick-ups may act as breadcrumbs for where the value may be in this turbulent climate.
Of course, we’ll have to wait for the next round of 13F filings to see if buyers moved even more funds into the names they added to or initiated in the first quarter. In any case, let’s have a look at three big money bets that I find notable and perhaps indicative of decent value to be had in a market that some pundits would describe as mildly expensive.
This post originally appeared at 24/7 Wall St.