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Here they are: the hedge fund darlings of Q3.
Goldman Sachs recently updated its Very Important Position list of stocks that appear the most among the funds' largest 10 holdings.
One disclaimer: The list was compiled based on 13-F filings hedge funds made, which disclosed their positions. These stocks were held as of the end of the third quarter, and the funds could have since changed their positions.
Goldman ranked the stocks based on the number of funds that held as a top-10 holding.
Here are the top nine, in descending order:
9. Bank of America
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Ticker: BAC
Subsector: Diversified Banks
No. of funds with stock as top-10 holding: 36
No. of funds with 10 to 200 positions owning stock: 52
% of equity cap owned by hedge funds: 2%
Return year-to-date: 21%
Source: Goldman Sachs
8. Allergan
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Ticker: AGN
Subsector: Pharmaceuticals
No. of funds with stock as top-10 holding: 37
No. of funds with 10 to 200 positions owning stock: 59
% of equity cap owned by hedge funds: 9%
Return year-to-date: -37%
Source: Goldman Sachs
7. Yahoo
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Ticker: YHOO
Subsector: Internet Software & Services
No. of funds with stock as top-10 holding: 39
No. of funds with 10 to 200 positions owning stock: 54
% of equity cap owned by hedge funds: 18%
Return year-to-date: 21%
Source: Goldman Sachs
See the rest of the story at Business Insider