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These are the 25 stocks that hedge funds love the most right now
Hedge funds are loving Apple, Amazon, Time Warner Cable, Alphabet, Facebook and Allergan.
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That is according to some research from Goldman Sachs, which put together a "Very Important Long Position List."
These stocks are the ones that appear most frequently in the top 10 holdings of hedge fund portfolios with 10 to 200 positions.
Goldman analyzed more than 800 fundamentally-driven hedge funds' portfolios based on their 13-F filings for the third quarter.
Some newcomers to the list include Precision Castparts and PayPal Holdings.
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We've included the top 25 picks ranked from the least held to the most widely held, along with Goldman Sachs'
Ticker: PYPL
Sub-sector: Data Processing & Outsourced Services
Equity Cap: $44 billion
No. of funds w/ 10 to 200 positions owning stock: 44
No. of funds with stock as top 10 holding: 21
Avg. portfolio weight when stock ranks among top 10 holdings: 6%
% of equity cap owned by hedge funds: 11%
Total return YTD: NM
Ticker: GILD
Sub-sector: Biotechnology
Equity Cap: $156 billion
No. of funds w/ 10 to 200 positions owning stock: 39
No. of funds with stock as top 10 holding: 21
Avg. portfolio weight when stock ranks among top 10 holdings: 6%
% of equity cap owned by hedge funds: 2%
Total return YTD: 14%
Ticker: APD
Sub-sector: Industrial Gases
Equity Cap: $30 billion
No. of funds w/ 10 to 200 positions owning stock: 32
No. of funds with stock as top 10 holding: 21
Avg. portfolio weight when stock ranks among top 10 holdings: 7%
% of equity cap owned by hedge funds: 27%
Total return YTD: (1%)
Ticker: JPM
Sub-sector: Diversified Banks
Equity Cap: $250 billion
No. of funds w/ 10 to 200 positions owning stock: 44
No. of funds with stock as top 10 holding: 23
Avg. portfolio weight when stock ranks among top 10 holdings: 5%
% of equity cap owned by hedge funds: 1%
Total return YTD: 11%
Ticker: AER
Sub-sector: Trading Companies & Distributors
Equity Cap: $8 billion
No. of funds w/ 10 to 200 positions owning stock: 39
No. of funds with stock as top 10 holding: 23
Avg. portfolio weight when stock ranks among top 10 holdings: 5%
% of equity cap owned by hedge funds: 40%
Total return YTD: 10%
Ticker: AAL
Sub-sector: Airlines
Equity Cap: $27 billion
No. of funds w/ 10 to 200 positions owning stock: 40
No. of funds with stock as top 10 holding: 23
Avg. portfolio weight when stock ranks among top 10 holdings: 7%
% of equity cap owned by hedge funds: 6%
Total return YTD: (20%)
Ticker: LBTYK
Sub-sector: Cable & Satellite
Equity Cap: $35 billion
No. of funds w/ 10 to 200 positions owning stock: 48
No. of funds with stock as top 10 holding: 24
Avg. portfolio weight when stock ranks among top 10 holdings: 8%
% of equity cap owned by hedge funds: 20%
Total return YTD: (10%)
Ticker: PCLN
Sub-sector: Internet Retail
Equity Cap: $65 billion
No. of funds w/ 10 to 200 positions owning stock: 41
No. of funds with stock as top 10 holding: 26
Avg. portfolio weight when stock ranks among top 10 holdings: 5%
% of equity cap owned by hedge funds: 8%
Total return YTD: 13%
Ticker: ALTR
Sub-sector: Semiconductors
Equity Cap: $16 billion
No. of funds w/ 10 to 200 positions owning stock: 40
No. of funds with stock as top 10 holding: 26
Avg. portfolio weight when stock ranks among top 10 holdings: 6%
% of equity cap owned by hedge funds: 21%
Total return YTD: 45%
Ticker: AIG
Sub-sector: Multi-line Insurance
Equity Cap: $80 billion
No. of funds w/ 10 to 200 positions owning stock: 42
No. of funds with stock as top 10 holding: 27
Avg. portfolio weight when stock ranks among top 10 holdings: 7%
% of equity cap owned by hedge funds: 7%
Total return YTD: 12%
Ticker: GM
Sub-sector: Automobile Manufacturers
Equity Cap: $57 billion
No. of funds w/ 10 to 200 positions owning stock: 43
No. of funds with stock as top 10 holding: 28
Avg. portfolio weight when stock ranks among top 10 holdings: 7%
% of equity cap owned by hedge funds: 6%
Total return YTD: 7%
Ticker: PCP
Sub-sector: Aerospace & Defense
Equity Cap: $32 billion
No. of funds w/ 10 to 200 positions owning stock: 37
No. of funds with stock as top 10 holding: 29
Avg. portfolio weight when stock ranks among top 10 holdings: 8
% of equity cap owned by hedge funds: 18
Total return YTD: (4%)
Ticker: DAL
Sub-sector: Airlines
Equity Cap: $39 billion
No. of funds w/ 10 to 200 positions owning stock: 49
No. of funds with stock as top 10 holding: 30
Avg. portfolio weight when stock ranks among top 10 holdings: 8%
% of equity cap owned by hedge funds: 14%
Total return YTD: (0%)
Ticker: BRCM
Sub-sector: Semiconductors
Equity Cap: $30 billion
No. of funds w/ 10 to 200 positions owning stock: 45
No. of funds with stock as top 10 holding: 31
Avg. portfolio weight when stock ranks among top 10 holdings: 7%
% of equity cap owned by hedge funds: 27%
Total return YTD: 23%
Ticker: YHOO
Sub-sector: Internet Software & Services
Equity Cap: $31 billion
No. of funds w/ 10 to 200 positions owning stock: 53
No. of funds with stock as top 10 holding: 32
Avg. portfolio weight when stock ranks among top 10 holdings: 8%
% of equity cap owned by hedge funds: 2%
Total return YTD: (35%)
Ticker: BAC
Sub-sector: Diversified Banks
Equity Cap: $185 billion
No. of funds w/ 10 to 200 positions owning stock: 49
No. of funds with stock as top 10 holding: 32
Avg. portfolio weight when stock ranks among top 10 holdings: 8%
% of equity cap owned by hedge funds: 2%
Total return YTD: (0%)
Ticker: CHTR
Sub-sector: Cable & Satellite
Equity Cap: $21 billion
No. of funds w/ 10 to 200 positions owning stock: 59
No. of funds with stock as top 10 holding: 35
Avg. portfolio weight when stock ranks among top 10 holdings: 8%
% of equity cap owned by hedge funds: 38%
Total return YTD: 12%
Ticker: C
Sub-sector: Diversified Banks
Equity Cap: $166 billion
No. of funds w/ 10 to 200 positions owning stock: 49
No. of funds with stock as top 10 holding: 37
Avg. portfolio weight when stock ranks among top 10 holdings: 6%
% of equity cap owned by hedge funds: 3%
Total return YTD: 2%
Ticker: MSFT
Sub-sector: Systems Software
Equity Cap: $431 billion
No. of funds w/ 10 to 200 positions owning stock: 59
No. of funds with stock as top 10 holding: 44
Avg. portfolio weight when stock ranks among top 10 holdings: 6%
% of equity cap owned by hedge funds: 3%
Total return YTD: 19%
Ticker: AAPL
Sub-sector: Technology Hardware Storage & Peripherals
Equity Cap: $677 billion
No. of funds w/ 10 to 200 positions owning stock: 74
No. of funds with stock as top 10 holding: 49
Avg. portfolio weight when stock ranks among top 10 holdings: 8%
% of equity cap owned by hedge funds: 2%
Total return YTD: 9%
Ticker: AMZN
Sub-sector: Internet Retail
Equity Cap: $309 billion
No. of funds w/ 10 to 200 positions owning stock: 64
No. of funds with stock as top 10 holding: 50
Avg. portfolio weight when stock ranks among top 10 holdings: 8
% of equity cap owned by hedge funds: 4%
Total return YTD: 113%
Ticker: TWC
Sub-sector: Cable & Satellite
Equity Cap: $52 billion
No. of funds w/ 10 to 200 positions owning stock: 71
No. of funds with stock as top 10 holding: 53
Avg. portfolio weight when stock ranks among top 10 holdings: 8%
% of equity cap owned by hedge funds: 27%
Total return YTD: 23%
Ticker: GOOGL
Sub-sector: Internet Software & Services
Equity Cap: $439 billion
No. of funds w/ 10 to 200 positions owning stock: 80
No. of funds with stock as top 10 holding: 58
Avg. portfolio weight when stock ranks among top 10 holdings: 7%
% of equity cap owned by hedge funds: 5%
Total return YTD: 43%
Ticker: FB
Sub-sector: Internet Software & Services
Equity Cap: $240 billion
No. of funds w/ 10 to 200 positions owning stock: 88
No. of funds with stock as top 10 holding: 65
Avg. portfolio weight when stock ranks among top 10 holdings: 7%
% of equity cap owned by hedge funds: 4%
Total return YTD: 36%
Ticker: AGN
Sub-sector: Pharmaceuticals
Equity Cap: $119 billion
No. of funds w/ 10 to 200 positions owning stock: 108
No. of funds with stock as top 10 holding: 74
Avg. portfolio weight when stock ranks among top 10 holdings: 7%
% of equity cap owned by hedge funds: 18%
Total return YTD: 17%
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