Every quarter, large money-managers have to disclose what they've bought and sold via 13F filings. While Fools don't always (or even usually) follow what the big money does, we can often glean an idea or two by tracing their footsteps.
Soros Fund Management had an incredible 40-year record of success as a hedge fund, and even now that it only manages the wealth of George Soros and his family, it's still watched closely. In the short video below, Foolish contributor Jason Hall talks about the fund's recent move to sell off its stake in Bank of America (NYSE:BAC), having just initiated it the quarter before. Jason says that even though Soros' fund sold its stake -- and probably at a 20%-25% profit -- Bank of America looks like an undervalued business for patient investors, especially when compared to peers like Wells Fargo & Company (NYSE:WFC).
For more on Jason's take, check out the video below.
Jason Hall owns shares of Wells Fargo. The Motley Fool recommends Bank of America and Wells Fargo. The Motley Fool owns shares of Bank of America and Wells Fargo and has the following options: short June 2014 $48 puts on Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.