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Big investors bought JPMorgan shares in 1st qtr | Reuters

May 15 (Reuters) – Noted investors including mutual fund giant Fidelity Investments and hedge fund manager Leon Cooperman bought shares of JPMorgan Chase & Co in the first quarter, just before the stock was rocked by revelations of a surprise $2 billion trading loss…

Boston-based Fidelity, one of the largest managers of U.S. mutual funds, increased its holdings of JPMorgan to almost 141 million shares at the end of the first quarter, an 11 percent increase from the end of 2011, according to a securities filing on Tuesday…

Cooperman more than doubled his stake in JPMorgan during the first quarter, to 2.2 million shares. The New York-based manager was not immediately available for comment.

via Big investors bought JPMorgan shares in 1st qtr | Reuters.

And if he had been, what he had to say would not have been suitable for general audience viewing. – Lee Adler

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