Instant Alert: CREDIT SUISSE: Here are 11 ‘darlings’ of the US stock market

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CREDIT SUISSE: Here are 11 'darlings' of the US stock market

by Prashanth Perumal on Jan 6, 2017, 9:41 AM

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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 380 large cap funds holding long positions. Apple and Google followed close behind with the interest of 374 and 358 funds respectively.

The team claims its ranking, as it incorporates holdings of both retail and institutional funds, is more robust than other studies.

It advised against owning too many crowded stocks for reasons including the ongoing outflow of funds from active to passive management.

We present the 11 most popular US stocks among large cap funds below.

1. Microsoft

Ticker: MSFT

Industry group: Software & Services

Market cap: 483.2 billion

No. of large cap funds: 380

4Q '16 performance: 7.9%

Source: Credit Suisse



2. Apple

Ticker: AAPL

Industry group: Tech hardware & Equipment

Market cap: 617.6 billion

No. of large cap funds: 374

4Q '16 performance: 2.5%

Source: Credit Suisse



3. Google

Ticker: GOOGL

Industry group: Software & Services

Market cap: 539.1 billion

No. of large cap funds: 358

4Q '16 performance: -1.4%

Source: Credit Suisse



See the rest of the story at Business Insider


 
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