Large-cap fund managers are starting to shy away from several of the biggest companies in the S&P 500, according to a recent report from UBS.
By bailing on those three names and top performers like Nvidia (NVDA), money managers are swimming against the tide.
That's why large-cap stock-pickers tend to fade the biggest companies, according to UBS.
10 stocks that fund managers loveBy contrast, fund managers' largest relative overweight positions are in sectors like industrials, financials, healthcare, and materials, Palfrey noted.
Below are the 10 companies that are seeing the biggest improvements in sentiment from large-cap fund managers, as measured by the net number of funds adding positions to them.
Persons:
Patrick Palfrey, Palfrey
Organizations:
UBS, Microsoft, Apple, Business, Nvidia