While Morgan Stanley (MS) stock struggled in Q3, Ken Heebner was buying - 6.9M shares, in fact....

|By:, SA News Editor

While Morgan Stanley (MS) stock struggled in Q3, Ken Heebner was buying - 6.9M shares, in fact. Heebner is known for making concentrated bets on an industry, and Heebner's CGM Focus Fund had 42% of its assets in financial companies as of Sept. 30, according to an SEC filing. The biggest financial holdings were Citigroup (C), Simon Property (SPG) and Morgan Stanley.