That's because if a hedge fund manager lost a bundle on General Motors, he might sell his position in another stock.

He sold his position in 2009 to a co-founder.

Aurum Advisors purchases precious metals from buyers who wish to sell their position.

After the customer order has been placed and the prices have changed, the broker could sell his position for a profit.

They sold their position in the royal court years ago to House Davo.

An investor in a physical holding of shares loses possession on the shares once he sells his position.

It later emerged that he had even sold his position of chaplain for £500 to someone in Madras.

It is not known when, or if, he sold his position.

He sold his entire position in Toys "R" Us last year but is loading up again.

By 1991, First Century had sold its position for a substantial profit.