Consumer Staples Lead Hedge Fund Purchases in Q3

By Andrew Birstingl, FactSet

The 50 largest hedge funds increased their equity exposure by 2.9% in Q3 2016. This marked a turnaround from Q2, when equity exposure decreased by 1.3%. Seven out of the 11 GICS sectors experienced aggregate purchases during the quarter, with the Consumer Staples and Information Technology sectors leading the inflows. Seven of the top 10 purchases at the company level came from these two sectors.

The third quarter was the second consecutive quarter in which the

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