8 Stocks and Funds That Hedge Funds Are Buying
https://money.usnews.com/investing/stock-market-news/slideshows/stocks-and-funds-that-hedge-funds-are-buying-now?src=usn_invested_nlMarch 7, 2019
One time each quarter, the average American investor gets a chance to peek over the shoulder of some of the wealthiest and most successful investors on Wall Street and see exactly which stocks they have been buying and selling. The U.S. Securities and Exchange Commission requires all institutional investors to file form 13F within 45 days of the end of each quarter, publicly disclosing all their holdings.
There are hundreds of filings each quarter, but WhaleWisdom recently compiled information from 150 top filers and ranked the hottest stocks institutional investors have been buying.
1. Danaher Corp. (ticker: DHR). Danaher is one of the largest and most diversified life sciences companies in the world, producing a range of analytical instruments. A total of 18 out of the 150 funds WhaleWisdom sampled hold shares of DHR stock, and five of those 18 investors have it as one of their top five largest holdings.
More than one in 10 hedge funds owns DHR stock. Eight of the 150 top funds were buying shares of Danaher in the fourth quarter, while eight were selling shares. DHR stock has a weighted WhaleWisdom 13F score of 5.24 in the fourth quarter.
2. SPDR S&P 500 ETF (SPY). The S&P 500 index dropped by 14 percent in the fourth quarter, but 13F season provided some upbeat news for U.S. stock investors. The second-highest scoring 13F investment this quarter was the SPDR S&P 500 ETF.
The SPY ETF was a holding for 17 out of the 150 funds sampled, and was a top 10 holding in one of them. The most promising sign was that 11 funds raised their SPY stakes in the quarter, while only four lowered them. In other words, the smart money saw the market sell-off as a buying opportunity. – Wayne Duggan
