Hundreds of mutual funds and hedge funds overlap in their investments, creating some shared favorites between the two different investment vehicles, according to Goldman Sachs.
This basket of stocks—which includes Danaher , Mastercard , Vertiv and Uber —are constituents of both Goldman's Hedge Fund VIP and Mutual Fund Overweight baskets.
"Hedge funds and mutual funds have boosted exposures to equities this year, with hedge fund net leverage rising near its highest level over the past year and mutual fund cash balances dropping to record lows.
Visa shares are up about 4.6% for the year, lifted by stronger-than-expected earnings in the fiscal second quarter.
Both stocks have had a tough quarter, however, with Visa falling 2.4% since the end of March, while Mastercard shares have lost 7.6%.
Persons:
Goldman Sachs, Vertiv, Uber, David Kostin, Kostin, Goldman, Alexander Blostein
Organizations:
Mastercard, VIP, Mutual Fund, FactSet, KKR, Visa, Tuesday's
Locations:
FRE