Want to know the most popular US stocks among active fund managers?
A Credit Suisse team led by Lori Calvasina looked at "long only, actively managed" small, mid, and large cap funds to find the answer.
Microsoft was the most crowded US stock with 378 large cap funds holding long positions. Apple and Google followed close behind with the interest of 369 and 352 funds respectively.
The team claims its ranking, as it incorporates holdings of both retail and institutional funds, is more robust than other studies.
The bank advised, "as a general rule, we tend to be wary of owning too many Darlings given less opportunity for differentiation, and potential for underperformance if bad news emerges."
We present the 12 most popular US stocks among large cap funds below.
Microsoft
Ticker: MSFT
Industry group: Software & Services
Market cap: $507.8 billion
No. of large cap funds: 378
1Q '17 to date performance: 5.7%
Source: Credit Suisse
Click here for a real-time Microsoft chart.
Apple
Ticker: AAPL
Industry group: Tech hardware & Equipment
Market cap: $755.1 billion
No. of large cap funds: 369
1Q '17 to date performance: 24.3%
Source: Credit Suisse
Click here for a real-time Apple chart.
Alphabet
Ticker: GOOGL
Industry group: Software & Services
Market cap: $581.1 billion
No. of large cap funds: 352
1Q '17 to date performance: 7.2%
Source: Credit Suisse
Click here for a real-time Alphabet chart.
See the rest of the story at Business Insider
April 03, 2017 at 07:21PM
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from Greg Hoffman
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