XOM - Goldman Sachs: Top 30 mutual fund underweight holdings including Apple and Tesla
2023-12-05 09:54:36 ET
Goldman Sachs published its Hedge Fund Trend Monitor and Mutual Fundamentals reports, which analyzed $5 trillion of equity positions at the start of 4Q 2023. Within the Mutual Fundamentals report the investment bank listed the stocks that it was most underweight.
Below is a list of stocks under weighed by mutual funds, ranked by how much they are under weighed (measured in basis points). The list is topped by Apple ( NASDAQ: AAPL ) and includes big names like Microsoft ( MSFT ) and Tesla ( NASDAQ: TSLA ). For many of these megacaps, they represent such a large chunk of the S&P 500 that money managers end up underweighting them in portfolios in favor of additional diversification.
Top 30 mutual fund underweight holdings
No. 30: Thermo Fisher Scientific ( TMO ) 11 bp
No. 29: AbbVie ( ABBV ) 12 bp
No. 28: Verizon Technologies ( VZ ) 12 bp
No. 27: Costco ( COST ) 15 bp
No. 26: Caterpillar ( CAT ) 16 bp
No. 25: AT&T ( NYSE: T ) 17 bp
No. 24: AMD ( AMD ) 17 bp
No. 23: PepsiCo ( PEP ) 18 bp
No. 22: Meta Platforms ( META ) 19 bp
No. 21: Abbott Laboratories ( ABT ) 20 bp
No. 20: Linde ( LIN ) 20 bp
No. 19: Intel ( INTC ) 21 bp
No. 18: Pfizer ( PFE ) 22 bp
No. 17: Chevron ( CVX ) 22 bp
No. 16: Walmart ( WMT ) 24 bp
No. 15: Home Depot ( HD ) 25 bp
No. 14: McDonald’s ( MCD ) 25 bp
No. 13: Alphabet ( GOOG ) ( GOOGL ) 25 bp
No. 12: Coca-Cola ( KO ) 26 bp
No. 11: Broadcom ( AVGO ) 29 bp
No. 10: ExxonMobil ( XOM ) 30 bp
No. 9: Johnson & Johnson ( NYSE: JNJ ) 33 bp
No. 8: Eli Lilly ( LLY ) 34 bp
No. 7: Nvidia ( NVDA ) 42 bp
No. 6: Amazon ( AMZN ) 46 bp
No. 5: Proctor & Gamble ( PG ) 49 bp
No. 4: Microsoft ( MSFT ) 89 bp
No. 3: Berkshire Hathaway ( BRK.B ) 100 bp
No. 2: Tesla ( TSLA ) 121 bp
No. 1: Apple ( AAPL ) 305 bp
More on Markets
- S&P, Nasdaq, Dow slide ahead of JOLTS
- The S&P 500 Rises To Its Highest Point Of 2023 As Gloomier Outlook Puts 2024 Rate Cuts In View
- S&P 500: Why 2024 Could Be The Worst Year Since 2008
For further details see:
Goldman Sachs: Top 30 mutual fund underweight holdings, including Apple and Tesla