BAC

What Hedge Funds Bought And Sold In Q3: The Full 13-F Summary

Today was the deadline for hedge funds to submit their Q3 13-F filings, which considering they represent a snapshot in time as of Sept 30, prior to both the October volatility spike and the presidential election, are likely totally irrelevant by this time. Still, for those who religiously focus on hedge fund position changes, here is the list.

What Hedge Funds Bought And Sold In Q2: The Full 13-F Summary

Today is the deadline for hedge funds to submit their Q2 13-F filings. Among the more notable changes was the previously reported 55% increase in Warren Buffett's Apple shares, offset by the cut in his Wal-Mart stake; Elliott's addition to stakes in security firms Qualys, Fortinet, CyberArk; ValueAct's new stakes in Morgan Stanley, Seagate; Tiger's exit of Netflix; Jana addition of Time Inc, and Soros' cut of his gold miner positions.

Core Retail Sales Tumble Most Since January

Despite this week's Macy's-driven retail sales exuberance - following BofA's suggestion that all was not well - the official retail sales print shows July was ugly... Retail Sales (ex Autos/Gas) fell 0.1% MoM (missing expectations of +0.3%) to the weakest since January. The headline data was flat MoM (dramatically missing the +0.4% expectations). The drop was driven by weakness in gas station and sporting goods sales (along with department stores... apart from Macy's?). Perhaps most worrying hjowever is the mere 2.3% YoY growth in headline retail sales - a level that has signaled recessionary conditions in the past.

Did US Consumers Finally Tap Out? BofA Internal Card Data Shows Significant July Spending Slowdown

According to Bank of America's internal aggregated credit and debit card data, consumer spending slowed in July, with retail sales ex-autos down 0.3% mom on a seasonally adjusted basis. As the bank concludes, "In our view, this sets up for a softer Census Bureau retail sales report on  Friday – we would not be surprised to see either disappointing July sales and/or a downward revision to June."

French Government Forced To Admit It "Suppressed News Of Gruesome Torture" At Bataclan Massacre

A French government committee has heard testimony, suppressed by the French government at the time and not released to the media, that the killers in the Bataclan tortured their victims on the second floor of the club... "Wahhabist killers apparently gouged out eyes, castrated victims, and shoved their testicles in their mouths. They may also have disemboweled some poor souls. Women were stabbed in the genitals..."

"We Do Not Have An Explanation" - Home Improvement, Luxury Spending Unexpectedly Plunges

What was most disturbing in BofA's latest debit and credit card spending report is what happened with spending in  home improvement stores: spending which traditionally is directly correlated to new home purchases and construction. It crashed, leaving even Bank of America speechless: "We do not have an explanation for this divergence"

What The Biggest Hedge Funds Did In Q1: The Full 13-F Summary

While far less attention is being paid to hedge fund 13F filings, which show a stale representation of equity long stakes among the hedge fund community as of 45 days prior, than in years gone by as a result of increasingly poor performance by the 2 and 20 crowd, they still remain closely watched source of investment ideas but mostly to find out what the new cluster ideas and hedge fund hotel stocks are at any given moment. Here are the highlights from the latest round of 13F filings.