DTM - Goldman pinpoints rising and falling stars held by hedge funds

Goldman Sachs identifies changes in popularity for stocks among hedge funds for indications of potential outperformance and underperformance. "During the last 19 years, stocks with the largest increase in the number of hedge fund investors ('Rising Stars') have typically gone on to outperform sector peers during the quarters following their rise in popularity," strategists Ben Snider, David Kostin and team write. "'Falling Star' stocks with the largest decline in number of owners have subsequently underperformed peers by a similar magnitude." Looking at Russell 1000 (NYSEARCA:IWB), they examined the latest 13Fs to create this lists of stars, which are all new from the previous quarter. Rising Stars with the top gains in hedge fund ownership: EQT (NYSE:EQT), hedge funds owning the stock 73, change +29 Hill-Rom Holdings (NYSE:HRC), 50, +28 Bill.com (NYSE:BILL), 78, +27 Five9 (NASDAQ:FIVN), 85, +25 T. Row Price (NASDAQ:TROW), 42, +22 DT Midstrean (NYSE:DTM), 26, +21 McAfee (NASDAQ:MCFE),

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Goldman pinpoints rising and falling stars held by hedge funds