For investors who may want to emulate professional investors, a new report takes a close look at which companies the nation's largest hedge funds are putting in their portfolios.
WalletHub looked at the largest 50 hedge funds in Barron's Penta Top 100 Hedge Funds list, a subgroup that controls more than $6 trillion in assets, and compiled a list of the companies most prevalent among their holdings.
The top of the list was rife with technology stocks, although it was notable that International Business Machines (IBM) was the company stock that the top 50 funds were selling the most.
The following 10 U.S. companies, in ascending order, represent the biggest holdings among the 50 studied hedge funds:
10. UnitedHealth Group
Based in Minnetonka, Minn., the for-profit health-care company offers health care products and insurance services.
9. Visa
The financial services company has created a global program for start-ups to create payment solutions for the future. Visa’s Everywhere Initiative program has expanded into 40 countries with 2,100 participants.
8. Bank of America Corp.
The banking and financial service corporation is the second largest bank in the U.S. and the ninth in the world with assets of over $2 trillion dollars.
7. JPMorgan Chase & Co.
This banking and financial holding company is the largest bank in the U.S. with $2.5 trillion in assets.
6. Wells Fargo & Co.
The San Francisco-based international banking and financial services company is the third largest bank with $1.9 trillion in assets.
5. Alphabet
The parent company of Google, Alphabet is the top holding of billionaire Leon Cooperman of Omega Advisors, according to WalletHub.
4. Facebook
The global social media network is among the top three holdings of billionaires Julian Robertson of Tiger Management and David Tepper of Appaloosa Management, according to WalletHub.
3. Apple
The top holding of billionaire Warren Buffett, Apple is also Tepper's third-largest holding.
2. Amazon.com
The Seattle- based online retailer giant continues to expand into other sectors, with a recent joint venture into health-care services. Amazon is also reportedly looking into a checking account type of service for millennials.
1. Microsoft Corp.
The creator of the Windows operating system sits atop the list of companies most owned by large hedge funds. It also among Robertson's top three holdings.
The full report can be viewed here.
