I feel as though every single article I read about hedge fund managers making their 13F filings or talking their books in public contains a bullish bet on Citigroup ($C) or Bank of America ($BAC) or both!
What is it about these two scaffold-enclosed banks that brings all the boys to their respective yards?
Paulson, Soros, Falcone, Tepper, Ackman, Ainslie, Loeb – you name it, they own one or the other…or both. And they own them in size.
Reflation, real estate market amelioration, low-risk playing of the yield curve, potential for asset sales, a return to normalized earnings – all could be explanations for the popularity of these two bank stocks amongst the hedge fund crowd. But there must be something more, as both stocks have already come a long way off of their lows for these very well-known reasons.
I’m all ears.
Visit the NASDAQ detailed institutional holdings summary for Citi and Bank of America.
[…] By Stephen GrocerBuying Citi and BofA: Joshua M Brown over at the Reformed Broker is one of many people to note today that a large number of big name hedge-fund managers are placing […]
… [Trackback]
[…] Find More here to that Topic: thereformedbroker.com/2010/05/27/is-it-me-or-does-every-hedge-fund-love-b-of-a-and-citi/ […]
… [Trackback]
[…] Info to that Topic: thereformedbroker.com/2010/05/27/is-it-me-or-does-every-hedge-fund-love-b-of-a-and-citi/ […]
… [Trackback]
[…] There you can find 36797 more Info to that Topic: thereformedbroker.com/2010/05/27/is-it-me-or-does-every-hedge-fund-love-b-of-a-and-citi/ […]
… [Trackback]
[…] Here you can find 53091 additional Information to that Topic: thereformedbroker.com/2010/05/27/is-it-me-or-does-every-hedge-fund-love-b-of-a-and-citi/ […]
… [Trackback]
[…] Information to that Topic: thereformedbroker.com/2010/05/27/is-it-me-or-does-every-hedge-fund-love-b-of-a-and-citi/ […]
… [Trackback]
[…] Find More Information here on that Topic: thereformedbroker.com/2010/05/27/is-it-me-or-does-every-hedge-fund-love-b-of-a-and-citi/ […]
… [Trackback]
[…] Info to that Topic: thereformedbroker.com/2010/05/27/is-it-me-or-does-every-hedge-fund-love-b-of-a-and-citi/ […]
… [Trackback]
[…] Information to that Topic: thereformedbroker.com/2010/05/27/is-it-me-or-does-every-hedge-fund-love-b-of-a-and-citi/ […]
… [Trackback]
[…] Information on that Topic: thereformedbroker.com/2010/05/27/is-it-me-or-does-every-hedge-fund-love-b-of-a-and-citi/ […]
… [Trackback]
[…] Find More Info here to that Topic: thereformedbroker.com/2010/05/27/is-it-me-or-does-every-hedge-fund-love-b-of-a-and-citi/ […]
… [Trackback]
[…] Read More on on that Topic: thereformedbroker.com/2010/05/27/is-it-me-or-does-every-hedge-fund-love-b-of-a-and-citi/ […]