BHVN - Meme stocks and megacaps make UBS list of most and least crowded trades: Alpha Tactics

UBS updates its list of stocks where active fund managers are most overweight and underweight. "Essentially, we sum up all of the holdings in dollar value across all of the active managers and calculate the weights of stocks in this active trading portfolio," UBS' global team of analysts writes. "We then compare this weight with the relevant equity index benchmark to form the active weight." Payment stocks highlight the overweight list. Those stocks have taken a hit recently on concerns of rising COVID cases and possible regulatory problems. Most crowded U.S. large caps: Visa (NYSE:V), active weight 0.23% UnitedHealth (NYSE:UNH), 0.18% Charles Schwab (NYSE:SCHW), 0.15% Thermo Fisher (NYSE:TMO), 0.14% American Express (NYSE:AXP), 0.11% Netflix (NASDAQ:NFLX), 0.1% MercadoLibre (NASDAQ:MELI), 0.1% Charter Communications (NASDAQ:CHTR), 0.09% Danaher (NYSE:DHR), 0.09% Mastercard (NYSE:MA), 0.09% Megacaps dominate the underweight list and have in previous rankings, indicating that valuation worries have left a lot of upside on

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Meme stocks and megacaps make UBS list of most and least crowded trades: Alpha Tactics