 We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesnt mean that they dont have occasional colossal losses; they do like Peltzs recent General Electric losses. However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, as the current round of 13F filings has just ended, lets examine the smart money sentiment towards HD Supply Holdings Inc NASDAQ:HDS. 