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Komfie Manalo, Opalesque Asia:

The quarterly S&P Global Market Intelligence Hedge Fund Tracker report showed that hedge funds were fleeing healthcare stocks in the third quarter of this year. The latest Hedge Fund Tracker reviewed the 13F filings by pure play hedge funds for the last quarter.

The report added that the top funds managed approximately $145bn in equity holdings, down from the $150bn under management in Q2, and down more than $50bn from the highs reached in 2015. These funds increased the total number of positions to 424 in Q3 from 399 in Q2, which was a record low for stock positions held since S&P Global Market Intelligence began tracking this data in 2014. Stocks in the healthcare and information technology sectors were the most sold off last quarter.

"The significant sell-off in healthcare stocks this quarter may suggest that hedge funds were expecting former Secretary of State Hillary Clinton – who campaigned heavily on limiting drug prices and reinforcing healthcare reforms – to win the U.S. presidential election," said Pavle Sabic, head of market development, S&P Global Market Intelligence. "More broadly, the trend in healthcare is illustrative of a much more concerted move by hedge funds out of equity holdings throughout 2016; it will be instru......................

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