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Bank of America Merrill Lynch released its latest equity and quant strategy analysts’ list of the most over owned stocks held by active managers.
The list is part of a new report on active manager holdings. According to BAML, the “overowned” list includes companies that meet the following criteria:
“Stock is 1.5x or more than its weight in the S&P 500 in the fund manager composite, and more than 35% of funds in the sample hold the stock.”
The list ranges from credit card companies like Visa and Mastercard to tech giants like Amazon and Alphabet.
Check out the list of eight stocks below:
8. Comcast Corp
Ticker: CMCSA
Sector: Disc
Price: $38.50
Relative Weight: 1.52
% of Hedge Funds Holding Stock:53.8%
YTD Performance: +11.4%
Source: Bank of America Merrill Lynch
7. Alphabet Inc. Class A
Ticker: GOOGL
Sector: Info Tech
Price: $973.70
Relative Weight: 1.55
% of Hedge Funds Holding Stock: 60.7%
YTD Performance: +19.25%
Source: Bank of America Merrill Lynch
6. Alphabet Inc. Class C
Ticker: GOOG
Sector: Info Tech
Price: $959.10
Relative Weight: 1.71
% of Hedge Funds Holding Stock: 55.0%
YTD Performance: +20.59%
Source: Bank of America Merrill Lynch
5. Mastercard
Ticker: MA
Sector: Info Tech
Price: $141.20
Relative Weight: 1.73
% of Hedge Funds Holding Stock: 39.0%
YTD Performance: +34.9%
Source: Bank of America Merrill Lynch
3. UnitedHealth Group
Ticker: UNH
Sector: Health Care
Price: $195.90
Relative Weight: 1.91
% of Hedge Funds Holding Stock: 53.3%
YTD Performance: +22.29%
Source: Bank of America Merrill Lynch
2. Visa Inc. Class A
Ticker: V
Sector: Info Tech
Price: $105.20
Relative Weight: 1.91
% of Hedge Funds Holding Stock: 53.8%
YTD Performance: +32.46%
Source: Bank of America Merrill Lynch
1. Priceline Group Inc
Ticker: PCLN
Sector: Disc
Price: $1,830.80
Relative Weight: 2.63
% of Hedge Funds Holding Stock: 36.7%
YTD Performance: +25.9%
Source: Bank of America Merrill Lynch