Goldman Sachs is already beating the market, here's what they are betting on

Goldman Sachs has compiled a portfolio of the most loved shares of hedge funds and mutual funds, which beating the market and even the bank's own portfolios.

Two of Goldman's wallet-based portfolios - one of which tracks top hedge fund holdings and one with a upmost share of large-capitalization mutual funds is already beating the market this year, but the real stars are the shares that are part of the two wallets.

There are 13 stocks that have favored both hedge funds and mutual funds since the first quarter of 2017, according to Goldman. Similarity increased when both industries loaded their portfolio with technology stocks in the fourth quarter and, at the same time, reduced their exposure to healthcare, consumer goods and materials, Goldman said. Overlapping stocks include ServiceNow, Adobe, Paypal, Delta Air Lines, Google (Alphabet) and Visa.

There were an average of 11 shares that were preferred by hedge funds and mutual funds over the past five years, according to Goldman. Google (alphabet) is the only one preferred by the two industries for 18 quarters.

Source: CNBC

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