Stocks most owned by the so-called smart money are handily beating the market this year, according to Goldman Sachs' latest "Hedge Fund Trend Monitor" report.
Four times a year, hedge funds file their long positions with the SEC, and the information is released to the public 45 days after each quarter ends. Goldman's current hedge fund VIP list consists of the 50 stocks that "appear most often among the top 10 holdings of fundamentally-driven hedge fund portfolios" for the March quarter. The bank analyzed the positions of 821 hedge funds with total long and short stock holdings of $1.9 trillion.
"Our Hedge Fund VIP list of the most popular long positions has outperformed the S&P 500 (^GSPC)," strategist Ben Snider said.
The firm's basket of the top holdings of hedge funds is up 10 percent this year through May 18 versus the S&P 500's 7 percent return.
Source: Yahoo Finance
Trader Bozhidar Arabadzhiev
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