Hedge Funds

Wall Street Whale Watching

Whale Watching

M.M. Sweet | Flickr | Getty Images

Major hedge fund managers and investment gurus—the "whales" in the Wall Street seas—are required to notify the Securities and Exchange Commission about their investment moves quarter by quarter.

Many investors pore over these notifications in the belief that the big fish have special insight into what's working and what's not in markets. After all, they became big fish somehow, right?

This past quarter the whales made a number of moves ranging from macro bets to individual stock moves and commodity plays. Some of the more notable moves are categorized and summarized in the following slideshow.

Investors be warned though. Because of reporting lags, the information regarding whale moves is somewhat dated. The first quarter ended March 31. One or all of these money mavens may have already changed their position. And whales aren't always right or may lead you astray. Captain Ahab chased a whale and look where that took him.

By CNBC's Dawn Giel and Robert Hum
Posted 16 May 2013

Hedge Funds Drop Apple in Q1

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David Tepper's Appaloosa Management cut its stake by 40.8 percent to 540,000 shares.

George Soros cut his Apple stake to 26,800 shares.

Julian Robertson's Tiger Management eliminated its position.

Tiger Global Management, run by "tiger cub" Chase Coleman, cut stake by 75 percent to 260,000 shares.

Dan Loeb's Third Point acquired 25,000 call options.

David Einhorn's Greenlight Capital nearly doubled its stake to 2.4 million shares.

Financials

George Soros
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Soros (left) eliminated positions in JPMorgan (previously held 2.6 million shares), Morgan Stanley (previously held 4.1 million shares).

Soros cut his stake in Citigroup by 7.6M shares.

Appaloosa cut its share stake in JPMorgan by 56.5 percent to 1 million shares.

John Paulson took a stake in Citi of 1 million shares.

Loeb eliminated his position in Morgan Stanley. He previously held 7.75 million shares.

Moore Capital's Big Bank Plays

Louis Bacon, founder and CEO of Moore Capital Management
Amanda Gordon | Bloomberg | Getty Images

Moore Capital Management, run by Louis Bacon, cut its stake in JPMorgan by 2.05 million shares to 3.01 million shares.

Cut stake in Bank of America by 14 percent to 10.06 million shares.

Eliminated entire stake of 1.89 million shares in Wells Fargo.

Upped stake in Citi by 525,000 shares to 5.22 million shares.

Takes new stake in Morgan Stanley of 4.48 million shares worth $98.61 million.

Gold, Silver, Mining ETFS

Leon Cooperman, chairman of Omega Advisors
Jin Lee | Bloomberg | Getty Images

Leon Cooperman (left) takes new stakes in iShares Silver Trust of 160,000 shares; Market Vectors Gold Miners Index ETF of 152,000 shares (4.5 year low); and SPDR Gold Trust (GLD) of 90,000 shares.

Soros cut stake in the GLD by 12 percent to 530,900 shares and upped stake in gold mining ETF, adding 1.14 million shares to 2.66 million shares.

Paulson's GLD position unchanged, but eliminated entire stake in Barrick Gold (sold all 915,000 shares).

Hess Oil

A Hess truck sits at a fueling station at the company's petroleum terminal in Bogota, N.J.
Emile Wamsteker | Bloomberg | Getty Images

Greenlight took new stake of 1.2 million shares in Hess.

Paulson & Co. took new stake of 2.69 million shares.

Elliott Management, founded by Paul Singer and currently in a battle with the company's management, upped stake by 13.78 million shares to 15 million.

Appaloosa took new stake of 479,500 shares.

AIG

Adam Jeffery | CNBC

Soros cut stake in AIG by 5.96 million shares to 2.89 million.

Jana Partners eliminated stake.

Appaloosa cut stake by 28.6 percent to 4.3 million shares.

Loeb cut stake by 5 million shares.

Dell

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Highfields Capital Management took new stake in Dell of 22.87 million shares.

Owl Creek Asset Management took new stake of 3.87 million shares.

Moore Capital took new stake of 3.25 million shares.

Farallon Capital Management took new stake of 2.46 million shares.

JC Penney

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Tiger Global took a stake of 5.35 million shares.

Elliott took new stake of 2.43 million shares.

Bill Ackman's Pershing Square Capital Management, an activist in the company, maintained its JC Penney stake.

Internet Stocks

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Jana Partners disclosed new stakes in Groupon and Zynga.

Tiger Global eliminated its stake in Pandora.

Daniel Loeb's Third Point

Daniel Loeb, founder and CEO of Third Point.
Jacob Kepler | Bloomberg | Getty Images

Cut stake in Yahoo by 11 million shares.

New stake in Hess.

Reduced stake in AIG by 27 percent to 13.5 million shares.

Warren Buffett's Berkshire

Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks to members of the media outside the Bridge Center in Omaha, Neb.
Daniel Acker | Bloomberg | Getty Images

David Einhorn's Greenhorn

David Einhorn
Peter Foley | Bloomberg | Getty Images

Upped stake in Apple by 83.5 percent to 2.4 million.

New stake in Oil States International of 2.7 million shares.

Dissolved stake in Yahoo, Google.

Cut stake in Seagate Technologies by 35.6 percent to 5.4 million shares.

Tiger Global

The News Corporation building in New York City.
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Took stake of 5.35 million shares in JC Penney.

Cut Apple stake by 75 percent to 260,000 shares.

Upped stake in News Corp. to 9 million shares from 1.2 million shares.

New stake in Dollar Tree of 2.2 million shares.

Eliminated stake in Pandora, First Solar.

Took stake in Lululemon.

Barry Rosenstein's JANA

Barry Rosenstein, founder and managing partner of Jana Partners
Daniel Acker | Bloomberg | Getty Images

New stake of 24.6 million shares in Zynga.

New stake in Groupon of 21.2 million shares.

Paul Singer's Elliott Management

Paul Singer
Photo: World Economic Forum | Wikipedia

Upped stake in Hess by 13.8 million shares.

Initiated stake in JPMorgan of 2.43 million shares.

Cut stake in Delphi by 3.4 million shares (top holding).

John Paulson

Rick Maiman | Bloomberg via Getty Images

Dissolved stake in Murphy Oil.

Cut stake in Alpha Natural Resources by 33 percent.

Took a stake in Citi.

David Tepper's Appaloosa Management

David Tepper
Adam Jeffery | CNBC

Eliminated stake in Freeport-McMoRan.

New stakes in Prudential, Comcast and CheckPoint Software.

Cut stake in AIG by 28.6 percent to 4.3 million shares.

Cut stake in Apple by 40.8 percent to 540,000 shares.

Cut stake in Citi by 7.3 percent to 8.5 million shares.

Cuts stake in JPMorgan by 56.5 percent to 1 million shares.

Upped stake in Microsoft by 10.6 percent to 3.5 million shares

Upped stake in Qualcomm by 7.6 percent to 3 million shares.

Upped stake in Transocean by 70.6 percent to 2.6 million shares.

Upped stake in General Motors by 6 percent to 5.7 million shares.

Upped stake in SanDisk by 25.8 percent to 1.2 million shares.

Upped stake in Metlife by 36 percent to 4.6 million shares.