These are the 25 stocks that hedge funds love the most right now by Julia La Roche on Nov 29, 2015, 12:23 PM Advertisement
Hedge funds are loving Apple, Amazon, Time Warner Cable, Alphabet, Facebook and Allergan. That is according to some research from Goldman Sachs, which put together a "Very Important Long Position List." These stocks are the ones that appear most frequently in the top 10 holdings of hedge fund portfolios with 10 to 200 positions. Goldman analyzed more than 800 fundamentally-driven hedge funds' portfolios based on their 13-F filings for the third quarter. Some newcomers to the list include Precision Castparts and PayPal Holdings. We've included the top 25 picks ranked from the least held to the most widely held, along with Goldman Sachs' 25. PayPal Holdings Ticker: PYPL Sub-sector: Data Processing & Outsourced Services Equity Cap: $44 billion No. of funds w/ 10 to 200 positions owning stock: 44 No. of funds with stock as top 10 holding: 21 Avg. portfolio weight when stock ranks among top 10 holdings: 6% % of equity cap owned by hedge funds: 11% Total return YTD: NM
24. Gilead Sciences Ticker: GILD Sub-sector: Biotechnology Equity Cap: $156 billion No. of funds w/ 10 to 200 positions owning stock: 39 No. of funds with stock as top 10 holding: 21 Avg. portfolio weight when stock ranks among top 10 holdings: 6% % of equity cap owned by hedge funds: 2% Total return YTD: 14%
23. Air Products and Chemicals Ticker: APD Sub-sector: Industrial Gases Equity Cap: $30 billion No. of funds w/ 10 to 200 positions owning stock: 32 No. of funds with stock as top 10 holding: 21 Avg. portfolio weight when stock ranks among top 10 holdings: 7% % of equity cap owned by hedge funds: 27% Total return YTD: (1%)
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