CREDIT SUISSE: The 11 big-name stocks hedge funds are dumping

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Kevin Zamani/Flickr

It’s easy to be distracted by a high market capitalization.

Companies that have worked their way to the top of their fields must have made some right moves along the way.

But past returns are not necessarily indicators of future performance, and the stocks on the following list might be perfect examples of that.

Credit Suisse put together a list of the large-cap stocks that hedge funds are dropping. These are stocks that, in many cases, a lot of funds still own, but that saw a big fall in the number of funds investing in them during the first quarter of this year.

A large number of hedge funds selling a stock could be an indicator of a not-so-bright future for the company. Read through the list below.


Targa Resources (TRGP)

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Markets Insider

Current Price: $45.74

2017 performance: -18.4%

Number of hedge funds that dropped the stock: 16

Click here to learn more about the company…

Data provided by Credit Suisse


General Motors (GM)

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Markets Insider

Current Price: $34.68

2017 performance: -0.5%

Number of hedge funds that dropped the stock: 16

Click here to learn more about the company…

Data provided by Credit Suisse


Gilead Sciences (GILD)

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Markets Insider

Current Price: $65.43

2017 performance: -8.6%

Number of hedge funds that dropped the stock: 16

Click here to learn more about the company…

Data provided by Credit Suisse


United Parcel Service (UPS)

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Markets Insider

Current Price: $108.94

2017 performance: -5.0%

Number of hedge funds that dropped the stock: 17

Click here to learn more about the company…

Data provided by Credit Suisse


Reynolds American (RAI)

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Markets Insider

Current Price: $64.92

2017 performance: 15.8%

Number of hedge funds that dropped the stock: 20

Click here to learn more about the company…

Data provided by Credit Suisse


Time Warner (TWX)

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Markets Insider

Current Price: $99.95

2017 performance: 3.5%

Number of hedge funds that dropped the stock: 21

Click here to learn more about the company…

Data provided by Credit Suisse


Target (TGT)

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Markets Insider

Current Price: $57.87

2017 performance: -19.9%

Number of hedge funds that dropped the stock: 24

Click here to learn more about the company…

Data provided by Credit Suisse


General Electric (GE)

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Markets Insider

Current Price: $28.94

2017 performance: -8.4%

Number of hedge funds that dropped the stock: 25

Click here to learn more about the company…

Data provided by Credit Suisse


Bristol-Myers Squibb (BMY)

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Markets Insider

Current Price: $54.36

2017 performance: –7.0%

Number of hedge funds that dropped the stock: 28

Click here to learn more about the company…

Data provided by Credit Suisse


Mead Johnson Nutrition

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Markets Insider

Current Price: $89.98

2017 performance: 27.2

Number of hedge funds that dropped the stock: 30

Click here to learn more about the company…

Data provided by Credit Suisse


Qualcomm (QCOM)

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Markets Insider

Current Price: $57.49

2017 performance: -11.8%

Number of hedge funds that dropped the stock: 32

Click here to learn more about the company…

Data provided by Credit Suisse


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