From my local paper today:
PROJO NATION Money & Markets
Hedge funds' favorite stocks
Smurfit-Stone Container may not
be a household name, but the maker
of pizza boxes and other packaging is
a favorite of professional investors. '
Goldman Sachs reviewed the
holdings of 574 hedge funds and
found that 28 had Smurfit-Stone
among 'their 10 biggest holdings at
the end of the first quarter. That
makes it the eiqhth most popular
stock among hedge funds. ,
Goldman's study listed the 50
stocks that were most often found
among hedge funds' top 10 holdings.
NO.1 was Apple,
Smurfit-Stone stock may not be
available for long. The company
agreed in January to be bought by a
rival, Rock-Tenn. But investors may
find more opportunities with other
hedge fund favorites. The list includes
stocks that have done well
recently, like chemical maker LyondeliBasell,
which rose 15 percent in
the first quarter,
It also contains some duds: Microsoft
was a top 10 holding for 54 hedge
funds at the end of the quarter. It fell 9
percent over the three months,
Individual investors may want to
consider these stocks, As a group,
they have led the overall S&P 500's
quarterly performance 65 percent of
the time, going back 10 years.
Several energy companies were
new entries in last quarter's list. They
included BP, Marathon' Oil and Chevron,
Priceline.com and Valeant Pharmaceuticals
also joined.
Hedge funds invest money for pension
funds, wealthy individuals and endowments.
They're generally lightly
regulated, but they have to give updates
on what they own each quarter.
Soon, soon, they will be " um, JBI?...need to
add some b4 it's too late"! MHO
