Stock Pickers are Piling into These 9 Stocks
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Bank of America Merril Lynch released its lastest equity and quant strategy analysts’ list of the most overowned stocks held by active managers.
The list is part of a new report on active manager holdings that the bank sent to clients on Friday.
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 tech giants like Alphabet and Amazon to healthcare companies like Biogen and UnitedHealth.
Check out the list of nine stocks below:
9. Comcast
Markets Insider
Ticker: CMCSA
Sector: Disc
Price: $40.80
Relative Weight: 1.52
% of Hedge Funds HoldingStock: 52.3%
YTD Performance: +18.45%
Source: Bank of America Merrill Lynch
8. Alphabet Class A
Markets Insider
Ticker: GOOGL
Sector: Info Tech
Price: $943.60
Relative Weight: 1.57
% of Hedge Funds Holding Stock: 58.9%
YTD Performance: +18.48%
Source: Bank of America Merrill Lynch
7. Mastercard
Markets Insider
Ticker: MA
Sector: Info Tech
Price: $133.80
Relative Weight: 1.66
% of Hedge Funds Holding Stock: 39.7%
YTD Performance: +27.15%
Source: Bank of America Merrill Lynch
6. Alphabet Class C
Markets Insider
Ticker: GOOG
Sector: Info Tech
Price: $929.60
Relative Weight: 1.70
% of Hedge Funds Holding Stock: 54.4%
YTD Performance: +19.72%
Source: Bank of America Merrill Lynch
5. Biogen Inc.
Markets Insider
Ticker: BIIB
Sector: Health Care
Price: $303.80
Relative Weight: 1.73
% of Hedge Funds Holding Stock: 35.1%
YTD Performance: +19.26%
Source: Bank of America Merrill Lynch
4. Amazon.com, Inc.
Markets Insider
Ticker: AMZN
Sector: Disc
Price: $967.60
Relative Weight: 1.83
% of Hedge Funds Holding Stock: 50.7%
YTD Performance: +30.16%
Source: Bank of America Merrill Lynch
3. UnitedHealth Group
Markets Insider
Ticker: UNH
Sector: Health Care
Price: $195.90
Relative Weight: 1.88
% of Hedge Funds Holding Stock: 51.1%
YTD Performance: +23.18%
Source: Bank of America Merrill Lynch
2. Visa Inc. Class A
Markets Insider
Ticker: V
Sector: Info Tech
Price: $103.70
Relative Weight: 1.91
% of Hedge Funds Holding Stock: 52.8%
YTD Performance: +30.93%
Source: Bank of America Merrill Lynch
1. Priceline Group Inc
Markets Insider
Ticker: PCLN
Sector: Disc
Price: $1,813.00
Relative Weight: 2.63
% of Hedge Funds Holding Stock: 37.4%
YTD Performance: +25.78%
Source: Bank of America Merrill Lynch
