Here's how hedge funds are trading Trump now that we can see their holdings

A coaling tower stands above a mound of coal at the Arch Coal Sentinel Prep Plant in Philippi, West Virginia.
Luke Sharrett | Bloomberg | Getty Images

The latest filings from the hedge fund industry lifted the curtain on how the smart money is positioned to generate gains from the proposed policies of President Donald Trump.

Four times a year, hedge funds file their long positions with the SEC and the information is released to the public 45 days after each quarter ends.

So what did the smart money buy according to the December quarter out this week?

CNBC PRO partnered with, a top hedge fund tracking firm, to discover the companies garnering the most interest from hedge funds and those that are getting the boot.

Among more than 1,000 hedge funds in's database, the analysis reveals that fund managers chose highly cyclical stocks such as Arch Coal, Alcoa and Genesee & Wyoming as their top picks to play Trump's policies aimed at revitalizing America's industrial economy.

The information is based on a net hedge fund adds figure calculated by Symmetric by taking the number of hedge funds that opened a new position plus those that increased the position minus the hedge funds that trimmed the holding.

So net net, these are the stocks that saw the most buying interest from the most hedge funds in the fourth quarter:

More In Pro News and Analysis

CNBC ProMike Santoli’s market notes: GameStop party gets out of hand, market uptrend remains intact
CNBC ProWells Fargo recommends buying these highly shorted stocks
CNBC ProJPMorgan's Kolanovic, who called 2020 turnaround, says buy this dip, overall market is not in a bubble