CREDIT SUISSE: Here are 11 ‘darlings’ of the US stock market

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Commuters stand at an open doorway of a suburban train during the morning rush hour in Kolkata, India, July 31, 2015.
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REUTERS/Rupak De Chowdhuri

Want to know the most popular US stocks among active fund managers?

A Credit Suisse team led by Lori Calvasina looked at “long only, actively managed” small, mid, and large cap funds to find the answer.

Microsoft was the most crowded US stock with 380 large cap funds holding long positions. Apple and Google followed close behind with the interest of 374 and 358 funds respectively.

The team claims its ranking, as it incorporates holdings of both retail and institutional funds, is more robust than other studies.

It advised against owning too many crowded stocks for reasons including the ongoing outflow of funds from active to passive management.

We present the 11 most popular US stocks among large cap funds below.


1. Microsoft

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Thomson Reuters

Ticker: MSFT

Industry group: Software & Services

Market cap: $483.2 billion

No. of large cap funds: 380

4Q ’16 performance: 7.9%

Source: Credit Suisse


2. Apple

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Reuters/Kim Kyung Hoon

Ticker: AAPL

Industry group: Tech hardware & Equipment

Market cap: $617.6 billion

No. of large cap funds: 374

4Q ’16 performance: 2.5%

Source: Credit Suisse


3. Google

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keso

Ticker: GOOGL

Industry group: Software & Services

Market cap: $539.1 billion

No. of large cap funds: 358

4Q ’16 performance: -1.4%

Source: Credit Suisse


4. JPMorgan Chase

source
Thomson Reuters

Ticker: JPM

Industry group: Banks

Market cap: $308.7 billion

No. of large cap funds: 291

4Q ’16 performance: 29.6%

Source: Credit Suisse


5. Johnson & Johnson

Ticker: JNJ

Industry group: Pharma, biotech

Market cap: $313.4 billion

No. of large cap funds: 268

4Q ’16 performance: -2.5%

Source: Credit Suisse


6. Facebook

Ticker: FB

Industry group: Software & Services

Market cap: $331.6 billion

No. of large cap funds: 259

4Q ’16 performance: -10.3%

Source: Credit Suisse


7. Wells Fargo

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REUTERS/Chris Keane

Ticker: WFC

Industry group: Banks

Market cap: $276.8 billion

No. of large cap funds: 259

4Q ’16 performance: 24.5%

Source: Credit Suisse


8. Home Depot

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AP/Danny Johnston

Ticker: HD

Industry group: Retailing

Market cap: $163.4 billion

No. of large cap funds: 240

4Q ’16 performance: 4.2%

Source: Credit Suisse


9. Visa

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Justin Sullivan/Getty Images

Ticker: V

Industry group: Software & Services

Market cap: $181.5 billion

No. of large cap funds: 240

4Q ’16 performance: -5.7%

Source: Credit Suisse


10. Comcast

source
Thomson Reuters

Ticker: CMCSA

Industry group: Media

Market cap: $165.2 billion

No. of large cap funds: 238

4Q ’16 performance: 4.1%

Source: Credit Suisse


11. Merck

source
Thomson Reuters

Ticker: MRK

Industry group: Pharma, biotech

Market cap: $162.3 billion

No. of large cap funds: 235

4Q ’16 performance: -5.7%

Source: Credit Suisse


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