Top 20 hedge fund favorites – Goldman

Goldman Sachs updated its Hedge Fund Very Important Positions, with the Magnificent 7 still strongly represented.

Hedge funds have rotated meaningfully across sectors this year, “lifting their tilt to Financials (XLF) by 160 bp to an overweight vs. the Russell 3000 (NYSEARCA:IWV) for the first time since 2010,” strategist David Kostin said.

“Hedge funds also cut exposure to Consumer sectors (XLY) (XLP) and increased their overweight in Health Care (XLV).”

The top 20 hedge funds stocks:

1. Amazon.com (AMZN), number of hedge funds with the stock as a top 10 holding 99
2. Microsoft (MSFT), 79
3. Meta (META), 77
4. Alphabet (GOOGL), 51
5. Apple (AAPL), 43
6. Nvidia (NVDA), 41
7. Taiwan Semiconductor (TSM), 30
8. Uber (UBER), 28
9. Hess (HES), 22
10. Eli Lilly (LLY), 20
11. Mastercard (MA), 19
12. CRH (CRH), 18
13. Berkshire Hathaway (BRK.B), 17
14. Visa (V), 17
15. Netflix (NFLX), 16
16. UnitedHealth (UNH), 16
17. Salesforce (CRM), 15
18. TransDigm Group (TDG), 15
19. Alibaba (BABA), 14
20. Tenet Healthcare (THC), 14