Sun., January 29th, 2023 | MarketBeat Staff
Hedge funds, endowments, and other institutional investors have been selling shares of these 15 stocks in the last 90 days. Large institutional investors are systematically dumping shares of these stocks. We're talking about hedge funds, pension funds, sovereign wealth funds, and university endowments.
Institutional investors don't easily get swayed by the hot stocks that retail investors are pouring money into. They also don't panic when the market takes a turn for the worse. They don't sell when one piece of bad news hits a company. They make very large bets on very large companies that play out over time. These bets are backed by the best investment research that institutional money can buy.
When institutions start to sell shares of a stock, you know it's a decision that wasn't made lightly. They see something seriously wrong with a company's fundamentals and believe it will underperform the market for the next several years. When multiple large institutional investors all start selling shares of a stock, you should take notice and hope that stock isn't part of your portfolio.
We combed through every 13D and 13F filing that institutional investors have filed with the SEC in the last 90 days to identify stocks that institutional investors are selling. After reviewing more than 5,000 filings, we have identified 15 companies that institutional investors have been selling. Big money investors are liquidating millions of dollars in shares of these companies.
Are any of these 15 stocks currently in your portfolio? You'll want to see this list before making your next trade.
- Net Outflows of from Institutional Investors in Dollars
- $60,757,902,676.00
- Net Outflows of from Institutional Investors in Shares
- 24,653,137
- Number of Institutional Transactions in the Last 90 Days
- 609
Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
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- Net Outflows of from Institutional Investors in Dollars
- $59,159,530,744.00
- Net Outflows of from Institutional Investors in Shares
- 281,591,369
- Number of Institutional Transactions in the Last 90 Days
- 469
Enphase Energy, Inc engages in the design, development, manufacture and sale of micro inverter systems for the solar photovoltaic industry. Its products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps. The company was founded by Raghuveer R.
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#3 - Palo Alto Networks (NASDAQ:PANW)
- Net Outflows of from Institutional Investors in Dollars
- $45,507,329,702.00
- Net Outflows of from Institutional Investors in Shares
- 284,812,426
- Number of Institutional Transactions in the Last 90 Days
- 756
Palo Alto Networks, Inc engages in the provision of network security solutions to enterprises, service providers, and government entities. It operates through the following geographical segments: the United States, Israel, and Other Countries. The company was founded by Nir Zuk in March 2005 and is headquartered in Santa Clara, CA.
- Net Outflows of from Institutional Investors in Dollars
- $44,079,259,590.00
- Net Outflows of from Institutional Investors in Shares
- 248,110,208
- Number of Institutional Transactions in the Last 90 Days
- 378
Workday, Inc engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions and government agencies. The company was founded by David A.
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- Net Outflows of from Institutional Investors in Dollars
- $38,773,544,301.00
- Net Outflows of from Institutional Investors in Shares
- 406,943,160
- Number of Institutional Transactions in the Last 90 Days
- 250
Splunk, Inc engages in the development and marketing of cloud software solutions. Its products include Splunk cloud, Splunk light and Splunk enterprise. It also offers solutions for Information Technology operations, security, internet-of-things, application analytics, business analytics, and industries.
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- Net Outflows of from Institutional Investors in Dollars
- $38,389,574,194.00
- Net Outflows of from Institutional Investors in Shares
- 457,945,535
- Number of Institutional Transactions in the Last 90 Days
- 402
Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.
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- Net Outflows of from Institutional Investors in Dollars
- $38,041,686,469.00
- Net Outflows of from Institutional Investors in Shares
- 133,245,837
- Number of Institutional Transactions in the Last 90 Days
- 192
Insulet Corp. is a medical device company, which engages in the development, manufacture, and marketing of an insulin infusion system for people with insulin-dependent diabetes. It specializes in diabetes supplies, including the OmniPod System, as well as other diabetes related products and supplies such as blood glucose testing supplies, traditional insulin pumps, pump supplies, and pharmaceuticals.
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#8 - Vail Resorts (NYSE:MTN)
- Net Outflows of from Institutional Investors in Dollars
- $37,312,760,128.00
- Net Outflows of from Institutional Investors in Shares
- 144,988,382
- Number of Institutional Transactions in the Last 90 Days
- 172
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.
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- Net Outflows of from Institutional Investors in Dollars
- $36,463,612,451.00
- Net Outflows of from Institutional Investors in Shares
- 314,504,161
- Number of Institutional Transactions in the Last 90 Days
- 424
Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.
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#10 - Coupa Software (NASDAQ:COUP)
- Net Outflows of from Institutional Investors in Dollars
- $29,391,793,196.00
- Net Outflows of from Institutional Investors in Shares
- 368,549,131
- Number of Institutional Transactions in the Last 90 Days
- 127
Coupa Software, Inc engages in the provision of business spend management (BSM) solutions. Its products include invoice, expense, pay, spend analysis, strategic sourcing, contract management contingent workforce, and supplier management. The company was founded by Noah Eisner and Dave Stephens in 2006 and is headquartered in San Mateo, CA.
#11 - SolarEdge Technologies (NASDAQ:SEDG)
- Net Outflows of from Institutional Investors in Dollars
- $25,867,995,955.00
- Net Outflows of from Institutional Investors in Shares
- 84,414,554
- Number of Institutional Transactions in the Last 90 Days
- 276
SolarEdge Technologies, Inc engages in the development of energy technology, which provides inverter solutions. The firm operates through the following segments: Solar and All Other. The Solar segment includes the design, development, manufacturing, and sales of an inverter solution designed to maximize power generation.
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#12 - BioMarin Pharmaceutical (NASDAQ:BMRN)
- Net Outflows of from Institutional Investors in Dollars
- $19,663,228,615.00
- Net Outflows of from Institutional Investors in Shares
- 167,674,841
- Number of Institutional Transactions in the Last 90 Days
- 216
BioMarin Pharmaceutical, Inc engages in the development and commercialization of therapies for people with serious and life-threatening rare diseases and medical conditions. Its pipeline products include Valoctocogene roxaparvovec, Vosoritide, and BMN 307. The company was founded by John C. Klock, Christopher M.
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#13 - Akamai Technologies (NASDAQ:AKAM)
- Net Outflows of from Institutional Investors in Dollars
- $19,330,651,778.00
- Net Outflows of from Institutional Investors in Shares
- 221,123,905
- Number of Institutional Transactions in the Last 90 Days
- 277
Akamai Technologies, Inc engages in the provision of cloud services for delivering, optimizing, and securing content and business applications over the Internet. Its products include security, web performance, media delivery, and network operator. The company was founded by Frank T. Leighton, Jonathan Seelig, Randall S.
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- Net Outflows of from Institutional Investors in Dollars
- $17,271,448,237.00
- Net Outflows of from Institutional Investors in Shares
- 241,964,811
- Number of Institutional Transactions in the Last 90 Days
- 204
Okta, Inc provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products and services, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure.
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- Net Outflows of from Institutional Investors in Dollars
- $13,190,884,070.00
- Net Outflows of from Institutional Investors in Shares
- 103,441,688
- Number of Institutional Transactions in the Last 90 Days
- 239
Zscaler, Inc engages in the provision of a cloud-based internet security platform. It offers Zero Trust Exchange, Zscaler Client Connector, Zscaler Internet Access, Zscaler Private Access, Zscaler B2B, Zscaler Cloud Protection, and Zscaler Digital Experience. The company was founded by Jagtar Singh Chaudhry and K.
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