Every quarter, fund managers have to disclose what they've bought and sold. Their latest moves can shine a bright light on smart stock picks.
Today let's look at GMT Capital, a private investment company that manages several hedge funds and other accounts. Its stock portfolio totaled $3.7 billion in value as of Dec. 31, 2011. You don't generally grow that large without doing some things right.
So what does GMT Capital's latest quarterly 13F filing tell us? Here are a few interesting details:
New holdings include Travelzoo
Among holdings in which GMT Capital increased its stake were Stillwater Mining
GMT Capital reduced its stake in a bunch of companies, including glass and fiber optic giant Corning
Finally, GMT Capital unloaded several companies, such as American Superconductor
We should never blindly copy any investor's moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing, and 13F forms can be great places to find intriguing candidates for our portfolios.