Market Overview

A Look At Investment Firms' Favorite Stocks In Q3

A Look At Investment Firms' Favorite Stocks In Q3

  • With the third quarter 13F season over, it’s time to look at some statistics.
  • The most popular stocks among institutional investors have been measured by the number of firms that disclosed holding them as of September 30.
  • Top names include Apple Inc. (NASDAQ: AAPL) and Johnson & Johnson (NYSE: JNJ).
  • How 'Bout Them Apples?

    As investors might have anticipated, Apple Inc. was the most popular stock in the third quarter, with 2,119 institutional investors (among those tracked by WhaleWisdom) holding it.

    Over the period, the tech behemoth saw 83 firms start new positions in its stock, another 1,084 increase their stakes, 842 reduce them and only 91 closing out their exposure.

    Same as in the second quarter, the three largest institutional investors in Apple were the Vanguard Group, State Street and FMR LLC, with 329,338,821 shares, 217,192,051 shares and 167,611,009 shares, respectively.

    Related Link: 7 Stocks Institutional Investors Bought Like Crazy In Q3

    However, it should be noted that only the Vanguard Group increased its exposure (by 1,829,847 shares) over the quarter – and now owns more than $36.3 billion in stock. On the other hand, State Street and FMR trimmed their wages by 2 and 7 percent, respectively.

    Nonetheless, Apple continues to be the most valuable position in all of these firms’ equity portfolios.

    Among hedge funds investors, Carl Icahn is the most committed, with 52,760,848 shares and worth more than $5.8 billion.

    A few other moves to highlight include the purchase of 24,509,847 shares by SG Americas Securities and the sale of 14,965,996 shares by Wellington Management Group.

    Scrub-A-Dub-Dub With Johnson & Johnson

    Second in line was Johnson & Johnson held by 1946 investment firms as of September 30. The company saw 65 new stakes, 929 increased positions, 772 reduced wages and 60 positions closed over the third quarter.

    The Vanguard Group was, same as in the previous case, the largest institutional investor of record, with 171,712,444 shares and worth about $16 billion. Among hedge funds, it was Ken Fisher’s Fisher Asset Management, which, after boosting its exposure by 1 percent, disclosed ownership of 10,689,483 shares worth almost a billion dollars.

    Also interesting was Bank of America’s move. The firm increased its stake in Johnson & Johnson by 9,157,223 shares, taking it to 33,413,437 shares worth over $3.1 billion.

    Opposite was the case of JPMorgan, which disposed of 13,518,399 shares of the company over the quarter, keeping 20,896,649 shares.

    Other Names

    Completing the third quarter’s top five picks were Microsoft Corporation (NASDAQ: MSFT), held by 1,938 institutional investors; Exxon Mobil Corporation (NYSE: XOM), owned by 1,858 investment firms; and General Electric Company (NYSE: GE), which saw 1,827 firms disclose ownership of its stock as of September 30.

    Interestingly, the three largest institutional investors are the same in Microsoft, Exxon and GE. The largest in all three is the Vanguard Group, followed by State Street and the Blackrock Institutional Trust Company.

    Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

    Image Credit: Public Domain

    Latest Ratings for AAPL

    Aug 2019Initiates Coverage OnEqual-Weight
    Jul 2019MaintainsHold
    Jul 2019MaintainsBuy

    View More Analyst Ratings for AAPL
    View the Latest Analyst Ratings

    Posted-In: Carl IcahnAnalyst Color Long Ideas Hedge Funds Top Stories Analyst Ratings Trading Ideas General Best of Benzinga


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