Hedge funds make their money choosing which stocks they think will succeed and fail.
Goldman Sachs recently updated its Very Important Position list of stocks, which are among the top 10 holdings for a large number of hedge funds.
It's worth noting that the rankings are based off of funds' 13-F filings with the SEC for the third quarter of 2017, and so their holdings may have changed since.
Here are the 17 stocks that showed up most often in hedge funds' lists of their top 10 holdings.
17. Netflix
Markets Insider
Ticker: NFLX
Subsector: Internet & Direct Marketing Retail
No. of funds with stock as a top-10 holding: 24
No. of funds with 10 to 200 positions owning stock: 40
% of equity cap owned by hedge funds: 10%
Year-to-date total return: 58%
16. C. R. Bard Inc.
Markets Insider
Ticker: BCR
Subsector: Healthcare Equipment
No. of funds with stock as a top-10 holding: 24
No. of funds with 10 to 200 positions owning stock: 28
% of equity cap owned by hedge funds: 18%
Year-to-date total return: 49%
15. Dell Technologies
Markets Insider
Ticker: DVMT
Subsector: Systems Software
No. of funds with stock as a top-10 holding:25
No. of funds with 10 to 200 positions owning stock:44
% of equity cap owned by hedge funds:30%
Year-to-date total return:48%
14. Monsanto
Markets Insider
Ticker:MON
Subsector:Fertilizers & Agricultural Chemicals
No. of funds with stock as a top-10 holding:26
No. of funds with 10 to 200 positions owning stock: 36
In addition to Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), and NVIDIA Corporation (NASDAQ:NVDA), Visa Inc.(NYSE:V) is one of Goldman Sachs' top stock picks for 2024.
The biggest US bank stocks have rallied this year, outperforming regional peers amid optimism for regulatory plans that are less severe than initially expected, as well as for a soft landing and a reopening of capital markets.
One of the most profitable hedge funds of all times, Citadel generated $16 billion in profits for its investors in 2022, and earned $65.9 billion in net gains since 1990, making it the top-earning hedge fund ever.
According to the latest TipRanks data, approximately 19.34% of Goldman Sachs Group (GS) stock is held by retail investors. Who owns the most shares of Goldman Sachs Group (GS)? Vanguard owns the most shares of Goldman Sachs Group (GS).
Goldman Sachs currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
For more than 150 years, a culture of teamwork and client service has defined our firm. Today, nearly 40,000 Goldman Sachs colleagues work together to serve our clients and communities around the world, building upon a rich history of innovative ideas from extraordinary people.
The average price target for Goldman Sachs Group is $459.79. This is based on 20 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $517.00 ,the lowest forecast is $360.00. The average price target represents 0.72% Increase from the current price of $456.52.
Is Goldman Sachs stock a Buy, Sell or Hold? Goldman Sachs stock has received a consensus rating of buy. The average rating score is and is based on 69 buy ratings, 25 hold ratings, and 1 sell ratings.
Based on short-term price targets offered by 21 analysts, the average price target for Goldman Sachs comes to $447.48. The forecasts range from a low of $331.00 to a high of $525.00. The average price target represents a decline of 2.97% from the last closing price of $461.18.
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