Reuters / John Gress
- UBS put together a list of the the most widely held — or "crowded" — stocks among active fund managers around the world.
- The list includes primarily technology, software, and financial services companies.
- Visits the Markets Insider homepage for more stories.
Active fund managers around the globe are looking favorably on technology, financial services, and software companies, according to a new report from UBS.
The Wall Street firm analyzed data from FactSet on the top holdings from institutional investors around the world.
UBS calculated the active weight of each company by adding up all of the holdings in dollar value from active fund managers. It then took weight of each stock in that portfolio and compared it to the relevant equity benchmark.
Here are most the 10 stocks fund managers around the world are the most crowded into, ranked in increasing order of active weight.
10. PayPal
Thomas White/Reuters
Ticker: PYPL
Active weight: 0.11%
Source: UBS
9. Alibaba Group Holdings
Reuters
Ticker: BABA
Active weight: 0.14%
Source: UBS
8. Comcast
Associated Press
Ticker: CMCSA
Active weight: 0.15%
Source: UBS
See the rest of the story at Business Insider
See Also:
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- BlackRock’s global research chief explains why the stock market’s principal driver just changed — and breaks down how investors should adjust to the big shift
- Billionaire investor Howard Marks sounds the alarm on an area of the market that is ‘in vogue’ — and explains why it resembles the tech bubble
Source: Business Insider – feedback@businessinsider.com (Daniel Strauss)