20 Stocks That Are Under The Control Of Hedge Funds (2024)

Markets

Lisa Mahapatra

2013-02-26T02:00:00Z

Goldman Sachs recently released its "Hedge Fund Trend Monitor," a massive report detailing the fourth quarter investment moves made by the world's biggest hedge funds.

Advertisem*nt

The report included a list of "most concentrated" stocks. These are the companies for which huge shares of their outstanding stocks are owned by hedge funds.

Goldman found that these stocks tend to do very well in upward trending markets, but they also do poorly in downward trending ones. From the report:

20 Stocks That Are Under The Control Of Hedge Funds (1)

The “most concentrated” stocks lagged for most of 2007 and 2008, but significantly outperformed in 2009 (81.4% vs. 26.5%) and 2010 (15.9% vs. 15.1%). Our “most concentrated” basket underperformed the S&P 500 by 391 bp in 2011 (-1.8% vs. 2.1%) but outperformed by 814 bp in 2012 (24.1% vs. 16.0%).

We pulled the 20 stocks with the largest hedge fund ownership stakes according to Goldman's report. All stocks listed have between 19-36% of their outstanding shares owned by hedge funds.We also included the names of the five hedge funds with the largest stakes.

Advertisem*nt

20. Legg Mason

20 Stocks That Are Under The Control Of Hedge Funds (2)

Ticker: LM

Sector:
Asset management and custody banks

Percentage owned by hedge funds: 19%

4Q Return: 5%

YTD Return: 11%

Major Owners:
Trian Fund Management LP: 12.9 million shares
Greenlight Capital Inc: 3.4million shares
Citadel Advisors LLC: 1.3million shares
Levin Advisors Strategies LP: .9million shares
QVT Financial LP: .8million shares

Advertisem*nt

19. Apollo Group

20 Stocks That Are Under The Control Of Hedge Funds (3)

Ticker: APOL

Sector:
Education services

Percentage owned by hedge funds: 19%

4Q Return: -28%

YTD Return: -8%

Major Owners:
Pzena Investment Management LLC: 7.1million shares
Citadel Advisors LLC: 2.5million shares
Bridgewater Associates LP: 1.8million shares
AQR Capital Management LLC: 1.1million shares
Two Sigma Investments LP: .8million shares

Advertisem*nt

18. Family Dollar Stores

20 Stocks That Are Under The Control Of Hedge Funds (4)

Ticker: FDO

Sector:
General merchandise stores

Percentage owned by hedge funds: 19%

4Q Return: -4%

YTD Return: -13%

Major Owners:
Trian Fund Management LP: 9million shares
Maverick Capital Ltd.: 4.2million shares
Highfields Capital Management: 1.5million shares
Pennant Capital Management LLC: 1.4million shares
Renaissance Technologies Corp: 1million shares

Advertisem*nt

17. CBRE Group Inc

20 Stocks That Are Under The Control Of Hedge Funds (5)

Ticker: CBG

Sector:
Real estate services

Percentage owned by hedge funds: 20%

4Q Return: 8%

YTD Return: 23%

Major Owners:
Valueact Holdings LP: 32million shares
Select Equity Group Inc: 18.5million shares
Blum Capital Partners LP: 15.1million shares
Partner Fund Management LP: 5.2million shares
Criterion Capital Management: 2.9million shares

Advertisem*nt

16. Genworth Financial

20 Stocks That Are Under The Control Of Hedge Funds (6)

Ticker: GNW

Sector:
Multi-line insurance

Percentage owned by hedge funds: 20%

4Q Return: 44%

YTD Return: 21%

Major Owners:
Highfields Capital Management: 27.2million shares
Baupost Group LLC: 15million shares
RBS Partners LP: 12million shares
Arrowstreet Cap Limited Partners: 5.1million shares
Paulson & Co: 3.9million shares

Advertisem*nt

15. Life Technologies

20 Stocks That Are Under The Control Of Hedge Funds (7)

Ticker: LIFE

Sector:
Life sciences tools and services

Percentage owned by hedge funds: 20%

4Q Return: 0%

YTD Return: 29%

Major Owners:
Paulson & Co: 14million shares
Glenview Capital Management Inc: 11.2million shares
Sectoral Asset Management: 2million shares
Orbimed Advisors LLC: 1.9million shares
Cadian Capital Management LLC: 1.6million shares

Advertisem*nt

14. WPX Energy

20 Stocks That Are Under The Control Of Hedge Funds (8)

Ticker: WPX

Sector:
Oil and gas exploration and production

Percentage owned by hedge funds: 21%

4Q Return: -10%

YTD Return: 1%

Major Owners:
Fir Tree Inc: 8.2million shares
Taconic Capital Advisors LP: 7.5million shares
Levin Capital Strategies LP: 3.8million shares
Brenner West Capital Advisors: 3.3million shares
Omega Advisors: 2.1million shares

Advertisem*nt

13. Ralph Lauren Corp.

20 Stocks That Are Under The Control Of Hedge Funds (9)

Ticker: RL

Sector:
Apparel accessories and luxury goods

Percentage owned by hedge funds: 21%

4Q Return: -1%

YTD Return: 18%

Major Owners:
Lone Pine Capital LLC: 3.9million shares
Maverick Capital Ltd: 1.8million shares
Blue Ridge Capital LLC: 1.6million shares
Brookside Capital Investors Inc: 1.2million shares
SAC Capital Advisors LP: .7million shares

Advertisem*nt

12. American International Group

20 Stocks That Are Under The Control Of Hedge Funds (10)

Ticker: AIG

Sector:
Multi-line insurance

Percentage owned by hedge funds: 21%

4Q Return: 8%

YTD Return: 9%

Major Owners:
Third Point LLC: 18.5 million shares
Perry Corp: 14.9 million shares
D.E. Shaw & Company Inc: 11. 8 million shares
Kensico Capital Management: 10.6 million shares
Steadfast Capital Management LLC: 10.4 million shares

Advertisem*nt

11. Netflix Inc.

20 Stocks That Are Under The Control Of Hedge Funds (11)

Ticker: NFLX

Sector:
Internet retail

Percentage owned by hedge funds: 23%

4Q Return: 70%

YTD Return: 112%

Major Owners:
Ichan Associates Corp: 5.5million shares
Slate Patch Capital LP: 1.3million shares
Coatue Management LLC: 1.3million shares
Jana Partners LLC: 1million shares
Apex Capital LLC: .6million shares

10. Dollar General

20 Stocks That Are Under The Control Of Hedge Funds (12)

Ticker: DG

Sector:
General merchandise stores

Percentage owned by hedge funds: 23%

4Q Return: -14%

YTD Return: 0%

Major Owners:
Lone Pine Capital LLC: 13.3 million shares
Eton Park Capital Management: 6.5 million shares
Scout Capital Management LLC: 6.3 million shares
Brookside Capital Investors Inc: 5.3 million shares
Maverick Capital Ltd: 4.6 million shares

Advertisem*nt

9. J.C. Penney

20 Stocks That Are Under The Control Of Hedge Funds (13)

Ticker: JCP

Sector:
Department stores

Percentage owned by hedge funds: 26%

4Q Return: -19%

YTD Return: -1%

Major Owners:
Pershing Square Capital Management: 39.1million shares
Glenview Capital Management Inc: 7.3million shares
Westchester Capital Management: 1.7million shares
Ivory Investment Management LP: 1.3 million shares
Kinetics Asset Management LLC: 1 million shares

Advertisem*nt

8. LyondellBasell Industries N.V.

20 Stocks That Are Under The Control Of Hedge Funds (14)

Ticker: LYB

Sector:
Commodity chemicals

Percentage owned by hedge funds: 26%

4Q Return: 18%

YTD Return: 7%

Major Owners:
Viking Global Investors LP: 7.5million shares
Discovery Capital Management LLC: 5.2million shares
Adage Capital Partners GP LLC: 2.5million shares
Third Point LLC: 2.4million shares
Columbus Circle Investors: 1.7million shares

Advertisem*nt

7. Tenet Healthcare

20 Stocks That Are Under The Control Of Hedge Funds (15)

Ticker: THC

Sector:
Health care facilities

Percentage owned by hedge funds: 28%

4Q Return: 29%

YTD Return: 25%

Major Owners:
Glenview Capital Management Inc: 13.8million shares
Oracle Management Inc: 2.8million shares
Samlyn Capital LLC: 2million shares
Bridger Management LLC: 2million shares
Blue Ridge Capital LLC: 1.7million shares

Advertisem*nt

6. Delphi Automotive

20 Stocks That Are Under The Control Of Hedge Funds (16)

Ticker: DLPH

Sector:
Auto parts and equipment

Percentage owned by hedge funds: 29%

4Q Return: 23%

YTD Return: 4%

Major Owners:
Eliott Management Corp: 25.3million shares
Paulson & Co: 13.5million shares
Silver Point Capital LP: 11.1million shares
Centerbridge Partners 10.4million shares
Thrid Point LLC: 10million shares

Advertisem*nt

5. MetroPCS Communications

20 Stocks That Are Under The Control Of Hedge Funds (17)

Ticker: PCS

Sector:
Wireless telecommunications services

Percentage owned by hedge funds: 31%

4Q Return: -15%

YTD Return: 3%

Major Owners:
Paulson & Co: 31.8million shares
MHR Fund Management LLC: 14.6million shares
Westchester Capital Management: 11.9million shares
P Schoenfeld Asset Management LLC: 6million shares
Quaker Capital Management: 5.8million shares

Advertisem*nt

4. AutoNation

20 Stocks That Are Under The Control Of Hedge Funds (18)

Ticker: AN

Sector:
Automotive retail

Percentage owned by hedge funds: 33%

4Q Return: -9%

YTD Return: 14%

Major Owners:
RBS Partners L P: 34.6million shares
Horizon Asset Management LC: 3.5million shares
Kinetics Asset Management LLC: 2.8million shares
Apex Capital Management: .4million shares
D.E. Shaw & Company Inc: .4 million shares

Advertisem*nt

3. TripAdvisor

20 Stocks That Are Under The Control Of Hedge Funds (19)

Ticker: TRIP

Sector:
Internet retail

Percentage owned by hedge funds: 33%

4Q Return: 27%

YTD Return: 4%

Major Owners:
Lone Pine Capital LLC: 6.6million shares
Pennant Capital Management LC: 4.5million shares
Coatue Management LLC: 3.3million shares
Par Capital Management Inc: 3.2million shares
Jana Partners LLC: 2.3million shares

Advertisem*nt

2. E*Trade Financial

20 Stocks That Are Under The Control Of Hedge Funds (20)

Ticker: ETFC

Sector:
Investment banking and brokerage

Percentage owned by hedge funds: 33%

4Q Return: 2%

YTD Return: 26%

Major Owners:
Citdel Advisors LLC: 27.4million shares
Glenview Capital Management Inc: 11.5million shares
Omega Advisors: 8million shares
Senator Investment Group LP: 7.5million shares
Carlson Capital LP: 4.2million shares

Advertisem*nt

1. VeriSign Inc.

20 Stocks That Are Under The Control Of Hedge Funds (21)

Ticker: VRSN

Sector:
Internet software and services

Percentage owned by hedge funds: 36%

4Q Return: -20%

YTD Return: 19%

Major Owners:
Lone Pine Capital LLC: 14.7million shares
Hoplite Capital Management: 4.5million shares
Blue Ridge Capital LLC: 3.5million shares
Coatue Management LLC: 3.2million shares
Jana Partners LLC: 3.1million shares

Advertisem*nt

20 Stocks That Are Under The Control Of Hedge Funds (22)

FAQs

What stocks are held by most hedge funds? ›

Overall, Microsoft stands as the most popular company, with 874 hedge funds holding the stock. As the megacap ramps up its AI offerings, it is capturing significant interest from hedge funds. In 2024, Microsoft shares are up over 20% as of June 24, sitting near all-time highs.

Read On ›

What investments are in hedge funds? ›

A hedge fund can invest in land, real estate, stocks, derivatives, and currencies while mutual funds use stocks or bonds as their instruments for long-term investment strategies.

Discover More Details ›

What is the world's biggest hedge fund? ›

Bridgewater Associates

How do hedge funds control the stock market? ›

2 Since hedge funds are considered to be among the most sophisticated investors, it is usually assumed that they improve stock market efficiency by reducing deviations of stock prices from fundamental values and speed- ing up information incorporation.

See Details ›

What is the most profitable hedge fund? ›

Citadel has now made $74 billion for investors since its inception in 1990, more than any other hedge fund firm.

Find Out More ›

What percentage of the stock market is owned by hedge funds? ›

"At this point, we estimate that multi-manager hedge funds hold 30% of the gross market value in U.S. equities," said the note referring to just the hedge fund industry's market footprint in U.S. stocks. That was up 3 percentage points from last year, the note said.

Tell Me More ›

How much money do you need to be considered a hedge fund? ›

3 In exchange, the Securities and Exchange Commission (SEC) requires a majority of hedge fund investors to be accredited, which means possessing a net worth of more than $1 million and a sophisticated understanding of personal finance, investing, and trading.

Show Me More ›

What is hedge fund in simple words? ›

Hedge funds are financial partnerships that employ various strategies in an effort to maximize returns for their investors. Unlike mutual funds managers, hedge fund managers have free reign to invest in non-traditional assets and employ risky strategies.

Explore More ›

Who Cannot invest in a hedge fund? ›

You generally must be an accredited investor, which means having a minimum level of income or assets, to invest in hedge funds. Typical investors include institutional investors, such as pension funds and insurance companies, and wealthy individuals.

What hedge fund did Warren Buffett own? ›

In fact, he owned and managed his own hedge fund before he took charge of Berkshire Hathaway. He introduced Buffett Partnership, an early version of hedge funds, in 1957, and it was wildly successful. In the 12 years he managed the fund, Buffett delivered compounded annual returns of 31.6 percent before fees.

Show Me More ›

Who is the richest hedge fund manager? ›

Who Is the Richest Hedge Fund Manager? Ken Griffin of Citadel is both the richest hedge fund manager and the highest paid. In 2022, he earned $41. billion, and by the beginning of 2023 his net worth was estimated at $35 billion.

Read The Full Story ›

Is JP Morgan a hedge fund? ›

J.P. Morgan Alternative Asset Management (JPMAAM) is a dedicated, global provider of niche hedge fund strategies. Since its inception in 1995, JPMAAM has focused on developing customized solutions across the liquidity spectrum to help investors achieve their strategic investment objectives.

See Details ›

Are hedge funds high risk? ›

Hedge funds are investment vehicles known for their potential high returns, but they come with significant risks. These risks include market volatility, leverage and less regulatory oversight when compared with traditional investments.

Get More Info Here ›

What is a hedge fund for dummies? ›

Hedge funds use pooled funds to focus on high-risk, high-return investments, often with a focus on shorting — so you can earn profit even when stocks fall.

Which hedge fund strategy has the highest return? ›

In the recent period, long/short equities hedge funds were the most consistent among strategic mandates in delivering strong returns to their investors as they recorded their fourth double-digit performance in 2021 over the last five years.

What brokerage do most hedge funds use? ›

A prime brokerage is a large institution typically used by hedge funds, family offices and large traders to help execute and finance their trading or portfolio strategy.

View Details ›

Which stock is held by most mutual funds? ›

Top 5 stocks held by most number of mutual funds

1/6. Smart stats. Every week ET Wealth put about 3,000 stocks through four key filters and rate them on a mix of factors. ...
2/6. Infosys. ...
3/6. Maruti Suzuki India. ...
4/6. Tata Consultancy Services (TCS) ...
5/6. Kotak Mahindra Bank. ...
6/6. Cholamandalam Investment.

Jun 13, 2024

Which stocks are most held by institutions? ›

Institutional investor top holdings

Stock	Aggregate value
MSFT Microsoft Corporation	$2,015,514,896 mm
AAPL Apple Inc	$1,476,785,011 mm
NVDA NVIDIA Corp	$1,298,820,625 mm
GOOG Alphabet Inc - Ordinary Shares	$1,142,046,245 mm

6 more rows

Learn More ›

What are the most widely held stocks? ›

Stock	Code
Microsoft Corp	MSFT
Alphabet Inc Class A	GOOGL
MicroStrategy Inc Class A	MSTR
Amazon.com Inc	AMZN