If you are a fan of stock picks by active fund managers, you should be buying Amazon while selling Apple.
Amazon and Apple are the most overweight and underweight stocks among fund managers globally, according to UBS’ study of funds’ active positions.
The ranking was based on institutional investment in individual stocks. The total dollar holdings in a stock was compared to the size of the overall fund portfolio to calculate the stock’s “investor weight.” This was later compared with “the relevant equity index benchmark to form the active weight.”
UnitedHealth was the most popular stock among active managers in the US, while Apple was the most unpopular. Exxon and AT&T were other stocks that were out of favor among US money managers.
The most overweight stocks among US active fund managers are listed below.
1. UnitedHealth
Ticker: UNH
Investor weight: 1%
Active weight: 0.3%
Source: UBS
2. Amazon
Ticker: AMZN
Investor weight: 1.8%
Active weight: 0.3%
Source: UBS
3. Visa
Ticker: V
Investor weight: 1%
Active weight: 0.2%
Source: UBS
4. Broadcom
Ticker: AVGO
Investor weight: 0.6%
Active weight: 0.2%
Source: UBS
5. Medtronic
Ticker: MDT
Investor weight: 0.7%
Active weight: 0.2%
Source: UBS
6. Comcast
Ticker: CMCSA
Investor weight: 1%
Active weight: 0.2%
Source: UBS
7. Texas Instruments
Ticker: TXN
Investor weight: 0.5%
Active weight: 0.2%
Source: UBS
8. Amgen
Ticker: AMGN
Investor weight: 0.7%
Active weight: 0.2%
Source: UBS
9. Microsoft
Ticker: MSFT
Investor weight: 2.5%
Active weight: 0.2%
Source: UBS
10. Priceline
Ticker: PCLN
Investor weight: 0.5%
Active weight: 0.2%
Source: UBS
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