WSC - Meta hits UBS list of most crowded trades most megacaps still uncrowded: At the Open

UBS updates its list of most crowded and least crowded trades for December. "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." Meta (NASDAQ:FB) joins the most crowded list this month. The top five least crowded trades remain the same for November, but Walmart (NYSE:WMT) enters the list at No. 10 and Bank of America (NYSE:BAC) drops off. Most crowded U.S. large caps: Visa (NYSE:V), active weight 0.25% UnitedHealth (NYSE:UNH), 0.21% Charles Schwab (NYSE:SCHW), 0.16% Thermo Fisher (NYSE:TMO), 0.15% American Express (NYSE:AXP), 0.11% Mastercard (NYSE:MA), 0.1% Meta Platforms (FB), 0.1% Charter Communications (NASDAQ:CHTR), 0.1% Danaher (NYSE:DHR), 0.09% Netflix (NASDAQ:NFLX), 0.09% Least crowded U.S. large caps: Apple (NASDAQ:AAPL), -2.19% Tesla

For further details see:

Meta hits UBS list of most crowded trades, most megacaps still uncrowded: At the Open