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CREDIT SUISSE: Stock pickers are piling into these 12 US stock market 'darlings'

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Want to know the most popular US stocks among active fund managers?

A Credit Suisse team led by Lori Calvasina looked at "long only, actively managed" small-, mid-, and large-cap funds to find the answer.

Microsoft was the most crowded US stock, with 378 large-cap funds holding long positions. Apple (369) and Google (352) were close behind.

The Credit Suisse team says its ranking, which incorporates holdings of both retail and institutional funds, is more robust than other studies.

The bank advised that "as a general rule, we tend to be wary of owning too many Darlings given less opportunity for differentiation, and potential for underperformance if bad news emerges."

We present the 12 most popular US stocks among large-cap funds, according to Credit Suisse, below.

12. Merck & Co.

Ticker: MRK

Industry group: Pharma, biotech

Market cap: $174.2 billion

No. of large-cap funds: 227

1Q '17 to-date performance: 7.8%

Source: Credit Suisse

Click here for a real-time Merck & Co. chart.

 



11. Home Depot

Ticker: HD

Industry group: Retailing

Market cap: $176.8 billion

No. of large-cap funds: 230

1Q '17 to-date performance: 9.6%

Source: Credit Suisse

Click here for a real-time Home Depot chart.



10. Amazon

Ticker: AMZN

Industry group: Retailing

Market cap: $418.1 billion

No. of large-cap funds: 231

1Q '17 to-date performance: 16.9%

Source: Credit Suisse

Click here for a real-time Amazon chart.



See the rest of the story at Business Insider

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