Written by MarketBeat Staff
December 7, 2023
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
- $42,357,361,717.00
- Net Outflows of from Institutional Investors in Shares
- 13,080,244
- Number of Institutional Transactions in the Last 90 Days
- 715
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
- $28,340,197,358.00
- Net Outflows of from Institutional Investors in Shares
- 49,624,748
- Number of Institutional Transactions in the Last 90 Days
- 110
MicroStrategy Incorporated provides enterprise analytics software and services in the United States, Canada, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy, an enterprise analytics software platform that enables users to create visualizations, customize apps, and embed analytics directly into workflows; and MicroStrategy Cloud Environment, a managed software-as-a-service solution, which offers always-on threat monitoring and enables rapid analytics development and deployment to deliver security and data privacy requirements.
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- Net Outflows of from Institutional Investors in Dollars
- $22,588,963,214.00
- Net Outflows of from Institutional Investors in Shares
- 14,198,501
- Number of Institutional Transactions in the Last 90 Days
- 457
MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.
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- Net Outflows of from Institutional Investors in Dollars
- $21,109,686,307.00
- Net Outflows of from Institutional Investors in Shares
- 180,224,420
- Number of Institutional Transactions in the Last 90 Days
- 343
Illumina, Inc develops, manufactures, and markets life science tools and integrated systems for large-scale analysis of genetic variation and function. It operates through Core Illumina and GRAIL segments. The company offers sequencing and array-based instruments and consumables, which include reagents, flow cells, and library preparation; and whole-genome sequencing kits, which sequence entire genomes of any size and complexity, and targeted resequencing kits, which sequence exomes, specific genes, and RNA or other genomic regions of interest.
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- Net Outflows of from Institutional Investors in Dollars
- $10,127,066,609.00
- Net Outflows of from Institutional Investors in Shares
- 75,327,779
- Number of Institutional Transactions in the Last 90 Days
- 116
The Middleby Corporation designs, manufactures, markets, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, and IoT solutions.
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#6 - Johnson & Johnson (NYSE:JNJ)
- Net Outflows of from Institutional Investors in Dollars
- $8,550,146,209.00
- Net Outflows of from Institutional Investors in Shares
- 55,020,247
- Number of Institutional Transactions in the Last 90 Days
- 2,162
Johnson & Johnson, together with its subsidiaries, researches, develops, manufactures, and sells various products in the healthcare field worldwide. The company's Consumer Health segment provides skin health/beauty products under the AVEENO, CLEAN & CLEAR, DR. CI:LABO, NEUTROGENA, and OGX brands; baby care products under the JOHNSON'S and AVEENO Baby brands; oral care products under the LISTERINE brand; TYLENOL acetaminophen products; SUDAFED cold, flu, and allergy products; BENADRYL and ZYRTEC allergy products; MOTRIN IB ibuprofen products; NICORETTE smoking cessation products; and PEPCID acid reflux products.
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- Net Outflows of from Institutional Investors in Dollars
- $8,348,592,890.00
- Net Outflows of from Institutional Investors in Shares
- 70,221,153
- Number of Institutional Transactions in the Last 90 Days
- 405
DexCom, Inc, a medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally. The company provides its systems for use by people with diabetes, as well as for use by healthcare providers. Its products include Dexcom G6 and Dexcom G7, integrated CGM systems for diabetes management; Dexcom Share, a remote monitoring system; Dexcom Real-Time API, which enables authorized third-party software developers to integrate real-time CGM data into their digital health apps and devices; and Dexcom ONE, that is designed to replace finger stick blood glucose testing for diabetes treatment decisions.
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#8 - Pioneer Natural Resources (NYSE:PXD)
- Net Outflows of from Institutional Investors in Dollars
- $7,536,051,677.00
- Net Outflows of from Institutional Investors in Shares
- 34,161,612
- Number of Institutional Transactions in the Last 90 Days
- 646
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations in the Midland Basin in West Texas. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.
#9 - ON Semiconductor (NASDAQ:ON)
- Net Outflows of from Institutional Investors in Dollars
- $6,214,043,772.00
- Net Outflows of from Institutional Investors in Shares
- 81,936,231
- Number of Institutional Transactions in the Last 90 Days
- 421
onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.
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- Net Outflows of from Institutional Investors in Dollars
- $5,468,361,253.00
- Net Outflows of from Institutional Investors in Shares
- 848,492
- Number of Institutional Transactions in the Last 90 Days
- 262
NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.
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#11 - SPDR S&P 500 ETF Trust (NYSEARCA:SPY)
- Net Outflows of from Institutional Investors in Dollars
- $5,124,085,027.00
- Net Outflows of from Institutional Investors in Shares
- 11,182,343
- Number of Institutional Transactions in the Last 90 Days
- 1,920
SPDR S&P 500 ETF Trust (the Trust) is a unit investment trust. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.
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- Net Outflows of from Institutional Investors in Dollars
- $4,896,390,812.00
- Net Outflows of from Institutional Investors in Shares
- 25,204,051
- Number of Institutional Transactions in the Last 90 Days
- 3,029
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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#13 - Burlington Stores (NYSE:BURL)
- Net Outflows of from Institutional Investors in Dollars
- $4,220,388,229.00
- Net Outflows of from Institutional Investors in Shares
- 24,241,173
- Number of Institutional Transactions in the Last 90 Days
- 145
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.
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#14 - Workiva (NYSE:WK)
- Net Outflows of from Institutional Investors in Dollars
- $4,211,603,474.00
- Net Outflows of from Institutional Investors in Shares
- 43,990,009
- Number of Institutional Transactions in the Last 90 Days
- 119
Workiva Inc, together with its subsidiaries, provides cloud-based compliance and regulatory reporting solutions worldwide. The company offers Workiva platform that offers controlled collaboration, data linking, data integrations, granular permissions, process management, and full audit trail services; and provides tools that enables customers to connect data from enterprise resource planning, human capital management, and customer relationship management systems, as well as from other third-party cloud and on-premise applications.
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#15 - FTI Consulting (NYSE:FCN)
- Net Outflows of from Institutional Investors in Dollars
- $3,813,377,694.00
- Net Outflows of from Institutional Investors in Shares
- 17,177,377
- Number of Institutional Transactions in the Last 90 Days
- 137
FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.
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