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10 Top Hedge Fund Holdings to Buy Now

It pays to pay attention to 'smart-money' pile-ups

By Jeff Reeves, Executive Editor of InvestorPlace.com

http://invstplc.com/1fqHXdP

smart moneyHedge fund filings are closely watched by Wall Street, even if the managers delay filing and regular investors are only getting a peek under the hood of these high-octane investment shops after the fact.

But even while active management continues to get a bad rap as index funds outperform stock pickers, it’s still important to keep an eye on the “smart money” and what they are buying right now.

Website InsiderMonkey follows 525 funds that represent the top tier of the hedge fund industry’s 8,000 managers and includes the likes of Warren Buffett and David Einhorn.

And when their data indicates one stock is being held across the board at these big-time hedge funds and investment banks, that’s a trend that all investors need to pay attention to.

Here are 10 top hedge fund holdings as of last quarter as reported by InsiderMonkey that investors should consider taking a stake in:

#10: Hertz Global Holdings (HTZ)

NYSE:HTZIndustry: Transportation
Market Cap: $9.7 billion
Dividend: None
Owned By: 83 hedge funds in Q2
Ownership Change: +15 funds from 68 in Q1
YTD Performance: +48% vs. +15% for the S&P 500

#9: Qualcomm (QCOM)

qualcomm qcom stockIndustry: Communications Equipment
Market Cap: $114 billion
Dividend: 2.1%
Owned By: 88 hedge funds in Q2
Ownership Change: -8 funds from 96 in Q1
YTD Performance: +8%

#8: Visa (V)

VisaIndustry: IT Services
Market Cap: $113 billion
Dividend: 0.8%
Owned By: 90 hedge funds in Q2
Ownership Change: +2 funds from 88 in Q1
YTD Performance: +16%

#7: Microsoft (MSFT)

Microsoft NASDAQ:MSFTIndustry: Software
Market Cap: $275 billion
Dividend: 2.8%
Owned By: 92 hedge funds in Q2
Ownership Change: +3 funds from 89 in Q1
YTD Performance: +24%

#6: JPMorgan Chase (JPM)

JPMorgan NYSE:JPMIndustry: Banking
Market Cap: $190 billion
Dividend: 3%
Owned By: 92 hedge funds in Q2
Ownership Change: -2 funds from 94 in Q1
YTD Performance: +15%

#5: Citigroup (C)

CitigroupIndustry: Banking
Market Cap: $147 billion
Dividend: 0.1%
Owned By: 119 hedge funds in Q2
Ownership Change: +1 fund from 118 in Q1
YTD Performance: +22%

#4: General Motors (GM)

General Motors NYSE:GMIndustry: Automakers
Market Cap: $50 billion
Dividend: None
Owned By: 121 hedge funds in Q2
Ownership Change: +11 funds from 110 in Q1
YTD Performance: +18%

#3: Apple (AAPL)

Industry: Consumer Technology
Market Cap: $446 billion
Dividend: 2.5%
Owned By: 122 hedge funds in Q2
Ownership Change: -26 funds from 148 in Q1
YTD Performance: -8%

#2: American International Group (AIG)

AIG NYSE:AIGIndustry: Insurance
Market Cap: $69 billion
Dividend: 0.9%
Owned By: 137 hedge funds in Q2
Ownership Change: -9 funds from 146 in Q1
YTD Performance: +31%

#1: Google (GOOG)

GoogleIndustry: Internet services
Market Cap: $283 billion
Dividend: None
Owned By: 157 hedge funds in Q2
Ownership Change: +9 funds from 148 in Q1
YTD Performance: +20%

Jeff Reeves is the editor of InvestorPlace.com and the author of The Frugal Investor’s Guide to Finding Great Stocks. Write him at editor@investorplace.com or follow him on Twitter via @JeffReevesIP. As of this writing, he did not own a position in any of the stocks named here.


Article printed from InvestorPlace Media, https://investorplace.com/2013/08/10-top-hedge-fund-holdings-to-buy-now/.

©2017 InvestorPlace Media, LLC