TOP HEDGE FUNDS TO CONSIDER

Wonder how you should adjust your portfolio before the end of 2015? Here are some clues from the richest people in the hedge fund world.
As December is fast approaching, we here at Forbes want to help you keep tabs on what top billionaire hedge fund managers were up to the latest quarter. To find the answers, we tallied their U.S. trades of top hedgies in the quarter ending September 30. These top picks – ten buys and ten sells – are ranked by the number of billionaires who bought or sold the stock in a material way (at least 10,000 shares), according to data from Whalewisdom.com.

Jeff Bezos’ Amazon.com AMZN +1.47% is no doubt the biggest winner in this quarter. A total of 9 top hedge funds, such as Tiger Global and Lone Pine Capital, piled into the e-commerce giant, which is by far the biggest gainer among U.S. tech stocks this year. Hedge fund billionaires also welcomed the PayPal spinoff from eBay EBAY -3.57% by taking sides, with Carl Icahn leading PayPal’s holding while Daniel Och sides with eBay. On the flip side, long-time hedge fund darling SunEdison saw a landslide of capital outflows, becoming the most disastrous trade of 2015.
Here are the top 20 trades of the 25 richest billionaires in 2015 Q3:

Top 10 buys:

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Amazon.com AMZN +1.47%
Investors cheered Amazon’s surprising second consecutive quarterly profit. Jeff Bezos’ empire has more than doubled its market cap this year.
JD.com
Alibaba ’s biggest rival in China is winning over investors with its stellar 52% revenue growth in the latest quarter.
Allergan AGN -3.65%
After swallowing Actavis , the new Allergan is now up for its next corporate marriage with Pfizer PFE -3.23%, which could become the largest takeover in 2015.
Comcast CMCSA +0.00%
Despite the uncertain future of the media business, Comcast gets a vote of confidence thanks to strong growth in high-speed Internet and film units.
PayPal
Investors are sending welcoming signs to the eBay EBAY -3.57%-PayPal split, with Carl Icahn swapping his entire eBay stake for PayPal shares.
Delta Air Lines DAL +0.00%
Delta soared 13% in October amid the great run of airline stocks thanks to low fuel costs and strong demand.
EMC EMC +0.00%
Michael Dell’s $67 billion acquisition of EMC would be the largest tech deal ever.
Amgen AMGN +1.85%
Third Point’s Dan Loeb, who holds stakes in both Amgen and Allergan, is reportedly touting a merger between the two firms.
eBay
Though PayPal has gained more popularity among hedge fund billionaires, eBay also wins over votes from big names like George Soros and Paul Tudor Jones.
Time Warner Cable TWC +0.00%
Despite regulatory scrutiny of Charter and Time Warner TWX +0.00% Cable’s mega-merger, investors seem confident about an upcoming deal.
Top 10 sells:
SunEdison
SunEdison went from a hedge fund darling earlier in the year to the most disastrous trade of 2015.
DirecTV
FCC ’s approval of AT&T T +0.00% and DirecTV’s merger means less competition within the telecommunication industry.
Dow Chemical DOW +0.00%
Hedge fund billionaires continue pulling back despite a surprising rebound in stock price.
Thermo Fisher Scientific TMO +0.00%
Despite a nice 10% year-to-date gain, the healthcare stock is losing its popularity among hedge fund billionaires.
Perrigo
Hedge fund billionaires retreated after Perrigo fended off Mylan MYL -2.00%’s $26 billion hostile takeover.
T-Mobile
T-Mobile remains a top sell stock as it posted lower-than-expected profit in Q3.
United Continental
Amid the uncertainty of a new CEO, United is facing challenges on various fronts after a disappointing quarter.
Dollar General DG +0.00%
Dollar General — no longer the largest U.S. discount retailer — has lost more than 15% of its stock price since its rivals’ merger in July.
Alibaba
Despite selling $14.3 billion over 24 hours on the world’s largest e-commerce day, Alibaba can’t seem to hold on investors who are chasing growth from rival JD.com.
Illumina ILMN +0.00%
Shares have plunged more than 15% since mid-September as the biotech giants went