The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
The deadline for hedge funds to reveal their holdings at the end of the second quarter passed Friday, a quarterly tradition that sends many investors scrambling to mimic the stock picks of their idols such as Bill Ackman and Carl Icahn.
But among the marquee investors, no big trends emerged from the filings and most portfolios did not contain any groundbreaking new positions.
However, the top-performing hedge funds, many of them run by managers you've likely never heard of, made big purchases of some interesting large-cap stocks.
Many of the shares were little changed or down in the second quarter, meaning investors could get an even better price on these stocks than these top funds did.
Symmetric.io calculates the best managers of the hedge fund universe through a proprietary formula based on the SEC's public filings. It's not the actual total returns of the funds, but rather a measure of stock-picking acumen.
The return figures, which the hedge fund database calls "StockAlpha," is derived by measuring how the individual equities in the fund performed compared to if investors just bought a sector ETF instead.
Based on the latest quarterly filings, Symmetric estimates that the best stock-picking hedge fund of the last three years is Broadfin Capital, managed by Kevin Kotler, which posted a StockAlpha of 24 percent annually the last three years.
The fund's top holdings are mostly small-cap biotechnology stocks.