GOLDMAN SACHS: Here are the 13 VIP stocks that are most popular with hedge funds
Despite a challenging market environment for hedge funds, they have returned on average 7% so far in 2017.
While that mark has not been good enough to beat the market, they are still on pace for their best return since 2009.
In a recently released report, Goldman Sachs Portfolio Strategy Research wrote, "2017 has been defined by low volatility and low return dispersion."
That low volatility has led many hedge funds to rely on a select number of stocks to drive returns.
And according to Goldman Sachs Portfolio Strategy Research, crowding into the most popular positions rose in the second quarter of 2017.
Goldman Sachs takes these positions into account when compiling their own Hedge Fund VIP list, which has outperformed the S&P 500 by 702 basis points (7.02%) so far in 2017.
Here's a look at Goldman Sachs's top 13 Hedge Fund VIP stocks.
13. Dell Technologies
Markets Insider
Ticker: DVMT
Subsector: Systems Software
Total return year-to-date: +21%
No. of funds with stock as top 10 holding: 26
Source: Goldman Sachs
12. Citigroup
Markets Insider
Ticker: C
Subsector: Diversified Banks
Total return year-to-date: +13%
No. of funds with stock as top 10 holding: 31
Source: Goldman Sachs
11. Bank of America
Markets Insider
Ticker: BAC
Subsector: Diversified Banks
Total return year-to-date: +8%
No. of funds with stock as top 10 holding: 32
Source: Goldman Sachs
See the rest of the story at Business Insider
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