We highlight the most important trades that have been done by hedge funds and mutual funds according to 13F filings. A research has shown that to invest by following funds is a great way to find opportunities.

With this article, I focus on the firm Hussman Strategic Advisors, the investment advisory firm that manages the mutual fund Hussman Funds.

The top eight trades of the third quarter based on their impact on the investor's portfolio are the following:

The largest new pick has been Dick's Sporting Goods Inc. (NYSE:DKS), the $5.24 billion market cap sports and fitness retailer. The fund has bought 200,000 shares at prices between $46.99 and $53.41, which has had an impact of 1.26% on the portfolio. The stock is currently trading at the price of $ 44.21.

The company reported strong results for the second quarter of the year. It leveraged its omni-channel presence to generate profitable revenue growth with meaningful margin expansion and this resulted in a double-digit increase in earning, an increase of 15% for consolidated earnings per diluted share. DKA posted a 1.2% increase for consolidated store sales and for the third quarter the company anticipates same store sales to increase in the range of 1% to 3% compared to a 1.1% increase in the third quarter of 2014.

The second largest pick has been Newmont Mining Corp. (NYSE:NEM) which has had impact of 1.12% on the portfolio. It is a long-term position that has been in the portfolio since 2010. The stake had huge increases in Q1 2011 by 11900% and more than 500% in Q2 and Q4 of 2012. NEM's stake has seen huge reductions by over 80% in Q4 2010, Q1 2011 and Q3 2012.This quarter the investment team has increased its stake by 68.75% at prices between $15.55 and $23.86 and now the stock is trading at about $18.

During the last quarter, despite lower metal prices, the Metals & Mining company posted a 16% reduction in all-in sustaining costs through a sustained focus on improving costs and efficiency. It has generated $758 million in adjusted EBITDA and $478 million in free cash flow.

Citrix Systems Inc. (NASDAQ:CTXS) has been the third largest new pick and the investor has bought 125,000 shares at prices between $65.4 and $78.09 with an impact of 1.10% on the portfolio. The price has risen by 12% after this buy and currently is trading at about $80.

The company had good performance for the third quarter, in which GAAP operating margin was 8% and non-GAAP operating margin was 26% compared to 7.7% and 20.9% in the second quarter of a year before. These results show that the actions that were taken in the first quarter of the year to improve operating margin had worked well. The company posted an increase of 7% YOY for revenues.

The fund has sold out its stake of DirecTV (NASDAQ:DTV) with an impact of 1.07%. The position was established in Q3 2011 at the average price of $46.16 but later in Q1 2013 the fund sold out its stake a few higher than its purchase price at $51.93. Again in Q4 2014, the fund bought 50,000 shares of DTV at the average price of $86.04 and later reduced its stake by 33.33% in Q1 2105. This quarter the fund has sold his stake out at few price above his purchase price at $93.18.

Directv posted the first quarter revenue with a growth of 6% and a 5% growth for free cash flow. This quarter for the company was its highest first quarter's growth in five years with an increase of 5.5%.

The investment team liked Skyworks Solutions Inc. (SWKS). It has been in the portfolio since Q3 2012. In Q1 2013 the stake was sold out at a price below its purchase price but in Q1 2013 and Q1 2015 the fund sold out the stake at the price much higher than his purchase price. This quarter Mr. Hussman has bought 100,000 shares at prices between $79.07 and $104.85 which had an impact of 1.07% on the portfolio. After this purchase the price has dropped by 7% and is now trading at $84.89.

Skyworks has started talks in a merger agreement with PMC-Sierra Inc. (NASDAQ:PMCS). During the fourth quarter revenue grew by 23% year-over-year which exceeded the company's guidance. In total, the fiscal year 2015 was a record year for Skyworks across all metrics and for fiscal 2016 the company is well positioned to deliver growth and profitability.

Zebra Technologies Corp. (NASDAQ:ZBRA), with an impact of 1.06% is the sixth largest pick. It has been established in Q2 2013 at the average price of $45.53. The last three quarters have seen significant reductions but during Q3 2015 the position was increased by 275% at prices between $72.21 and $115.38. After this increase price has dropped by 12% and is currently trading at $82.99.

During the second quarter the company reported an increase of 96.5% for adjusted EBITDA and an increase of 208.5% for GAAP net sales compared to the same quarter of a year before. Zebra expects net sales in the third quarter of 2015 to have a year-over-year growth of 4% to 7%.

The fund has sold out its stake of Brocade Communications Systems Inc. (NASDAQ:BRCD) with an impact 1.03% on the portfolio.

It was established in Q3 2014 at average price of $9.74 but later in Q4 2014 the fund reduced its stake by 13.33% at a price few higher than its purchase price at $10.85. During the second quarter the fund increased the stake by 15.38% at an average price of $12. 13 and finally during the third quarter the fund sold out its stake at $10.48.

Brocade Communications Systems delivered profitability and higher revenue year over year for the third quarter . Revenue grew by 1% Y/Y and 1% Q/Q.

The eighth largest new pick was The Kroger Co. (NYSE:KR), with an impact of 1.03% on the portfolio. It has been in the portfolio since 2010 and since then has been sold out 3 times, in Q4 2010, Q1 2013 and Q4 2013. This quarter the investment team bought 225,000 shares at prices between $33.66 and $39.4 and after this buy the price did not face any change. Currently it is trading at $37.20.

For the company, the third quarter was the 47th consecutive quarter of positive identical supermarket sales growth.