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Top 10 Most-Held Stocks by Hedge Funds Last Quarter

Analysis by Novus shows two companies, Alibaba and Bristol Myers-Squibb, being notably added to portfolios in Q4.

The fourth quarter’s disclosures for large investment funds were filed by February 15. For the equities world, they offer insight into how interested the sector is in stocks as an asset overall, and which companies in particular are garnering attention.

An analysis from Novus that aggregated 13-F filings found that hedge funds collectively hold about the same amount of stocks, by market value, as in the third quarter. And the most attractive companies across firms stayed relatively similar to favorites from the third quarter, with some names gaining ground and some losing, Novus found

There were two names that defied that continuity. First, Alibaba, which became the sixth most-held stock after previously sitting just out of the top 10 in the 11th spot, Novus found. And second, Bristol-Myers Squibb, which skyrocketed to the fifth most-held stock after not even sitting in the top 20 last quarter, Novus found. That’s after Bristol-Myers acquired Celgene in a move that could transform the biopharmaceutical firm into a powerhouse, Novus said.

From mainstays to surprises, here are the top 10 most-held stocks in the hedge fund industry.

10. American Express

Third quarter ranking: 8

9. Coca-Cola

Third quarter ranking: 6

8. Wells Fargo

Third quarter ranking: 4

7. Amazon

Third quarter ranking: 7

6. Alibaba

Third quarter ranking: 11

5. Bristol-Myers Squibb

Third quarter ranking: Out of top 20

4. Facebook

Third quarter ranking: 5

3. Microsoft

Third quarter ranking: 3

2. Bank of America

Third quarter ranking: 2

1. Apple

Third quarter ranking: 1


Source: Business Insider

As we say goodbye to 2023, there's a compelling argument to keep your portfolio anchored in growth stocks next year.