Third Point, Appaloosa, Element, and More Sharply Downsize Their U.S. Stock Portfolios

One major firm, however, has aggressively bucked this trend.

Bridgewater Co-CEOs Mark Bertolini and Nir Bar Dea (Daniel Acker/Bloomberg)

Bridgewater Co-CEOs Mark Bertolini and Nir Bar Dea

(Daniel Acker/Bloomberg)

Several prominent hedge funds turned less bullish on U.S. stocks in the first quarter.

According to an analysis of first-quarter 13F filings made public in recent days, firms with the latitude to invest in any financial market — including macro or multistrategy managers, family offices managed by one-time macro mavens, and others well known for their eclectic investment styles — reported sharp declines in their U.S.

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