Hedge fund holdings day: Top managers show their hands
Wednesday marks 45 days since the end of the second quarter, or as it's known in the financial community, "13F Day."
At the SEC's 45-day deadline, some of the world's biggest hedge funds report their holdings as of the end of the quarter.
Though the data is already 6 weeks old, it still offers some insights into what top investors were thinking—stocks and sectors they liked and disliked over the spring and early summer.
(But In a preview of how things may have changed since then, Bespoke Investment Group released a study Wednesday showing institutional investors grew noticeably bearish on both stocks and bonds in the last month).
Following are significant moves from some of the industry's biggest names in the second quarter.
(Read more: The golden age of activist investing)
Tepper's Appaloosa Management was actually ahead of the pack, filing late Tuesday. The firm's big move was adding 7 million shares of Goodyear Tire, potentially making him the company's largest shareholder.
Cooperman's Omega Advisors made a laundry list of moves during the second quarter, though the most notable was a small new position in Apple.
But Cooperman seems to have soured a bit on metals, liquidating stakes in Freeport-McMoRan and a number of gold- and silver-related ETFs and other products. Reuters reported that a number of hedge funds soured on gold in the quarter.
Cooperman told CNBC he agreed with Carl Icahn that Apple was cheap, adding that he got back into the stock in the low $400s. On Wednesday, it broke $500 a share.
Laffont's Coatue increased its stake in Apple Inc from some 400,000 shares to 1.6 million shares. The fund cut its position in Green Mountain Coffee Roasters by 2 million shares, leaving it with roughly 3 million shares at the end of the second quarter.
Coleman's Tiger Global Management went the other way on Apple in the quarter, dissolving a stake in the company.
Icahn's quarterly filing offers no hints of the one position people care about most: Apple. Its absence suggests he built his position entirely since the beginning of July.
But it does reflect more than 152 million shares of Dell, where Icahn has been waging a battle with management over a proposed go-private deal.
Soros added to his stake in J.C. Penney in the quarter, with an extra 2 million shares that potentially makes him the second-largest holder of the stock.
Paulson was another manager shedding gold exposure during the quarter, showing a smaller stake in a popular gold ETF. But he also added to his position in Freeport-McMoRan during the quarter.
Ackman, who recently left Penney's board, kept up his stake in the retailer during the quarter.
—CNBC's Scott Wapner contributed to this report.
—Reuters contributed to this report.