Hedge 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)
#9: Qualcomm (QCOM)
#8: Visa (V)
#7: Microsoft (MSFT)
#6: JPMorgan Chase (JPM)
#5: Citigroup (C)
#4: General Motors (GM)
#3: Apple (AAPL)
Industry: Consumer Technology
Market Cap: $446 billion
Owned By: 122 hedge funds in Q2
Ownership Change: -26 funds from 148 in Q1
YTD Performance: -8%
#2: American International Group (AIG)
#1: Google (GOOG)
Jeff Reeves is the editor of InvestorPlace.com and the author of The Frugal Investor’s Guide to Finding Great Stocks. Write him at firstname.lastname@example.org or follow him on Twitter via @JeffReevesIP. As of this writing, he did not own a position in any of the stocks named here.