Google employees form a Google “G.”Google
The list is a part of a new report on active manager holdings.
According to BAML, the “overowned” list includes companies that meet the following criteria:
“Stock is 1.5x or more than its weight in the S&P 500 in the fund manager composite, and more than 35% of funds in the sample hold the stock.”
The list ranges from tech giants like Alphabet and Amazon to healthcare companies like Biogen and UnitedHealth.
Check out the list of nine stocks below:
Comcast
Ticker:CMCSA
Sector: Discretionary
Relative Weight: 1.53
% of Funds Holding Stock: 51.7%
Source: BofA Merrill Lynch US Equity and US Quant Strategy, FactSet Ownership
Alphabet Class A
Markets Insider
Ticker:GOOGL
Sector: Info Tech
Relative Weight: 1.59
% of Funds Holding Stock: 56.9%
Source: BofA Merrill Lynch US Equity and US Quant Strategy, FactSet Ownership
MasterCard
Ticker:MA
Sector: Information Technology
Relative Weight: 1.68
% of Funds Holding Stock: 37.0%
Source: BofA Merrill Lynch US Equity and US Quant Strategy, FactSet Ownership
Biogen
Markets Insider
Ticker: BIIB
Sector: Healthcare
Relative Weight: 1.70
% of Funds Holding Stock: 36.3%
Source: BofA Merrill Lynch US Equity and US Quant Strategy, FactSet Ownership
Alphabet Class C
Markets Insider
Ticker:GOOG
Sector: Information Technology
Relative Weight: 1.71
% of Funds Holding Stock: 53.1%
Source: BofA Merrill Lynch US Equity and US Quant Strategy, FactSet Ownership
UnitedHealth
Markets Insider
Ticker:UNH
Sector: Healthcare
Relative Weight: 1.82
% of Funds Holding Stock: 48.1%
Source: BofA Merrill Lynch US Equity and US Quant Strategy, FactSet Ownership
Amazon.com
Markets Insider
Ticker:AMZN
Sector: Discretionary
Relative Weight: 1.93
% of Funds Holding Stock: 47.4%
Source: BofA Merrill Lynch US Equity and US Quant Strategy, FactSet Ownership
Visa Class A
Markets Insider
Ticker:V
Sector: Information Technology
Relative Weight: 1.93
% of Funds Holding Stock: 51.5%
Source: BofA Merrill Lynch US Equity and US Quant Strategy, FactSet Ownership
Priceline
Markets Insider
Ticker:PCLN
Sector: Discretionary
Relative Weight: 2.63
% of Funds Holding Stock: 35.4%
Source: BofA Merrill Lynch US Equity and US Quant Strategy, FactSet Ownership
Get the latest Bank of America stock price here.
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