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The Top 100 Most Popular Stocks Among Hedge Funds Right Now

Tyler Durden's picture




 

Now that virtually everyone has figured out what we first said in 2012, namely that in the New bizarro Normal, the best trading strategy - the only way to generate alpha in a world in which hedge funds no longer can - is going long a basket of the most shorted names, one has to wonder how any hedge fund replicating, 13F-chasing service can remain in business. After all, the last thing anyone wants to do is copycat hedge fund groupthink in a world in which hedge funds have underperformed the S&P 500 for 6 years in a row, especially a world in which one can buy the SPY with virtually no fees instead of paying some bloated billionaire 20% for the privilege of underperforming the Federal Reserve-managed S&P500.

Still, there are those who, for some inexplicable reason, believe in the infallibility of hedge funds and chase every opportunity imitate those who make their money by collecting 2 and 20 not by generating alpha.

For all these, the following charts are for you.

First, here is a list of the top 20 core holdings of the largest 150 hedge funds at the beginning of the quarter. Want to (under)perform like the average hedge fund (which is underperforming the S&P for over five years in a row)? Then just buy an equal-weighted basket of these shares and sit back, waiting for wealth and riches to find you.

Joking aside, something tells us trading in these 20 stocks alone accounts for about 80% of the market volume on any given day.

 

Next, here a full list of the most popular hedge fund stocks by sector. Same principle as above but more granular.

 

Finally, here is the list of 100 stocks that represent the entire universe of most popular stocks held by hedge funds. As we have shown previously, Google, Apple, GM, Microsoft and AIG are the 5 biggest hedge fund hotel stocks in the world right.

Source: Bank of America

 

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Wed, 06/18/2014 - 13:25 | 4870065 Seer
Seer's picture

Telling in that we're "investing" in stuff that's "discretionary."

Wed, 06/18/2014 - 13:31 | 4870103 ParkAveFlasher
ParkAveFlasher's picture

That's why MOPE tells you to buybuybuybuybuy.  All the fluff is essentially vendor-financed hi-margin stuff.  In the end, economy is a voluntary system.  Ayn Rand had that right.

Wed, 06/18/2014 - 13:56 | 4870210 maskone909
maskone909's picture

only one energy company in the top 20!  most of the other stocks dont actualy produce shit.  way to go guys

Wed, 06/18/2014 - 14:02 | 4870232 thatthingcanfly
thatthingcanfly's picture

And I don't see a single gold/silver miner. Not even AEM, Royal, Yamana, or FNV. Good grief.

Wed, 06/18/2014 - 17:09 | 4871121 rosiescenario
rosiescenario's picture

Yeah...Freeport is the only one close, and copper is its real biz.

Wed, 06/18/2014 - 14:19 | 4870332 monkeyshine
monkeyshine's picture

In looking over the list I gotta wonder how many rank so high because of one or two well timed big bets by large funds. I mean, AIG was nearly broke 6 years ago and now its in the top 10? And an airline too? Really? (Well maybe now that the airline biz has successfully consolidated down to just a handful they will start making money again?). But Priceline? Seriously? It was $4 a share in 2001 and now $1400 a share, maybe has more to do with low supply of shares in a few hands as opposed to high demand for shares? And GOOG is on the list twice (class A and C shares, owing to a non voting share dividend?) Clearly some just hanging on.

Maybe, just maybe, this racket is more about retaining their past gains than making new ones. If you can control the movement, or prevent a slide by simply controlling a large number of shares via an oligopoly, its better than taking risk. 2% of the mass is still something when the mass is enormous.

Wed, 06/18/2014 - 13:27 | 4870079 ParkAveFlasher
ParkAveFlasher's picture

I don't see Jolly Fats Weehawkin Silver Mining Corp. out of Nova Scotia on this list, wtf?

Wed, 06/18/2014 - 13:28 | 4870081 Flakmeister
Flakmeister's picture

Phew, I don't own any of them...

But I do kick myself for selling LNG too early...

Wed, 06/18/2014 - 13:29 | 4870095 pragmatic hobo
pragmatic hobo's picture

aapl = roach-motel

Wed, 06/18/2014 - 13:30 | 4870099 narnia
narnia's picture

the biggest & dumbest suckers in the room with no where to run are state & local government pension funds. they'll be holding the bag on the biggest losses.

Wed, 06/18/2014 - 13:31 | 4870102 orangegeek
orangegeek's picture

Kramerica isn't listed.  WTF?????

Wed, 06/18/2014 - 15:28 | 4870684 ParkAveFlasher
ParkAveFlasher's picture

Environmental issues with their spherical petro-transport system.

Wed, 06/18/2014 - 13:35 | 4870129 BeetleBailey
BeetleBailey's picture

(Pre-whipsaw FX FED lies at 2pm....

THIS LIST IS GREAT.

WHY?

FOR LIBERALS...IT NEGATES ANY ARGUMENT THEY HAVE.

WHY?

IF THEY HAVE A 401K, IRA, JTWROS ACCOUNT, PENSION.......(which many do)

THEY OWN WHAT THEY DESPISE..THE ULTIMATE IN IRONY

I nail every single "tax the rich/down with the big multi-nationals"! fuck head every single time .........you are invested in it...fuckhead...you are.....in cahooooots with em, shit for brains.....

Makes em pissed.........

Wed, 06/18/2014 - 13:38 | 4870135 Carnegie_IB
Carnegie_IB's picture

I do not see TSLA on the list?

Wed, 06/18/2014 - 13:47 | 4870171 astoriajoe
astoriajoe's picture

does this include top central bank holdings?

Wed, 06/18/2014 - 13:47 | 4870176 AccreditedEYE
AccreditedEYE's picture

Why waste your time? You KNOW market gonna break out post-Fed. Just buy 3x Long IWM and you're good to go. No stress, no mess.

Wed, 06/18/2014 - 13:52 | 4870203 I Write Code
I Write Code's picture

Intel is gonna be on the next list cuz it just jumped and buying it at the all-time (ten year) high makes it look like you got the jump even if you didn't just gotta love it.

Wed, 06/18/2014 - 14:06 | 4870258 DeusHedge
DeusHedge's picture

Now which have the biggest short term percentage losses?

Wed, 06/18/2014 - 14:13 | 4870304 stopthejunk1
stopthejunk1's picture

So what?  

 

Is there something interesting about this?  These are pretty boring stocks for the most part.  It's not like they're in pink sheets.  This list doesn't look speculative at all.  Are hedge funds going to become as boring as mutual funds?

 

The real dirt on hedge funds is not what equities they're in, but how leveraged they are.  And this article does not even mention leverage.

Wed, 06/18/2014 - 14:51 | 4870525 Fuh Querada
Fuh Querada's picture

Where's Chipotle Mexican Grill? My brother's sister's cousin has 10000 shares.

Wed, 06/18/2014 - 15:24 | 4870675 doublesharp
doublesharp's picture

No Smith & Wesson or Ruger listed. That's racist!

Thu, 06/19/2014 - 00:26 | 4872452 litemine
litemine's picture

These lists show what useless stocks with high P/E 's........I will pick though and be ready to short them.....When the time is right.  :0)

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