Stock pickers are ignoring these 8 stocks

Bank of America Merril Lynch released its latest equity and quant strategy analysts' list of the most neglected stocks held by active managers. The list is part of a new report on active-manager holdings.

According to BAML, the list includes companies that meet the following criteria: "Stock is 0.2x or less than its weight in the S&P 500 in the fund manager composite, and less than 2% of funds in the sample hold the stock."

The list includes retailers such as Tiffany's & Co, as well as financial companies like Cincinnati Financial and People's United Financial.

Check out the list of eight stocks below:

8. WEC Energy Group

Markets Insider

Ticker: WEC

Sector: Utilities

Price: $62.80

Relative Weight: 0.03

% of Hedge Funds Holding Stock: 2.77%

YTD Performance: +8.72%

Source: Bank of America Merrill Lynch

7. Alliant Energy Corp

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Ticker: LNT

Sector: Utilities

Price: $41.60

Relative Weight: 0.02

% of Hedge Funds Holding Stock: 1.85%

YTD Performance: +9.89%

Source: Bank of America Merrill Lynch

6. Tiffany & Co.

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Ticker: TIF

Sector: Disc

Price: $91.80

Relative Weight: 0.02

% of Hedge Funds Holding Stock: 1.39%

YTD Performance: +19.06%

Source: Bank of America Merrill Lynch

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