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

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

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

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