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Jim Cramer is one of the top watched TV personalities on CNBC. He is the host of Mad Money and also the co-founder and chairman of TheStreet.com. Nearly 250,000 people watch his show daily on TV and most of these are ordinary investors trying to understand what's going on in the market. Jim Cramer's bullish and bearish stock picks on his show are the starting points for many investments made by these folks. Cramer makes several bullish calls in his show but he only buys a small proportion of these stocks for his charitable trust. Recently he sold some of these stocks that were in his charitable trust:

Stock

Ticker

No of Funds

Value (x1000)

JP Morgan

JPM

83

7,027,379

Marathon Oil

MRO

49

1,731,141

WellPoint

WLP

49

2,942,458

ConocoPhillips

COP

44

4,012,010

Abbott Laboratories

ABT

43

1,709,032

Intel

INTC

42

2,725,519

Procter & Gamble

PG

40

6,221,812

Medco Health Solutions

MHS

36

1,263,997

Stanley Black & Decker

SWK

31

1,009,834

Vale

VALE

27

790,726

Boeing

BA

25

1,272,070

Weatherford International

WFT

25

449,565

General Mills

GIS

22

544,434

Southwestern Energy

SWN

22

380,294

Altria

MO

21

459,936

Honeywell

HON

20

594,444

Nucor

NUE

19

77,701

Wabco Holdings

WBC

19

292,348

Fluor Corp

FLR

17

206,286

Weyerhaeuser

WY

14

1,380,289

Novagold Resources

NG

12

737,089

Some of the stocks sold by Cramer are extremely popular among hedge funds. There were 83 hedge funds holding more than $7 Billion in JPM at the end of March. Steve Heinz, Andreas Halvorsen, and Eric Mindich are among the hedge funds that are bullish about JPM. John Paulson had more than $300 Million in JPM but it wasn't his favorite banking stock (See Paulson's top stock picks here).

Recently Cramer said the following about Novagold: "I feel burned on NG. I thought it would trade up along with gold ... the gold stocks have been terrible. NG has been worse than terrible ... They want gold now in the ground. I bought some and sold some. It is an admission of defeat. This one did not work for me.” He sold Novagold and recently added Freeport McMoran (NYSE:FCX) to gain some exposure to the precious metal. Novagold isn't one of those stocks hedge funds favor a lot. There were only 12 hedge funds in NG. George Soros had nearly $200 Million in NG at the end of December, but he sold three quarters of his holdings by the end of March (See Soros' favorite stock picks).

Marathon Oil was hedge funds' most favorite energy stock at the end of March. Hedge funds have $1.7 Billion or around 5% of outstanding shares of MRO. Jeffrey Altman's Owl Creek Asset Management has the largest stake in MRO among the 300+ funds we track (See the other hedge funds that are bullish about MRO here). MRO has a P/E ratio of 11.8 and returned 44% so far this year.

Investors who like Jim Cramer's stock picks should pay attention to the stocks he recently sold out. Cramer might still say that some of these stocks are his favorite in their sectors but this doesn't mean that he likes these stocks enough to keep in his charitable portfolio.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.