Six Stocks Overweight in Both Hedge Fund and Mutual Fund Portfolios Include SpaceX
Goldman Sachs analyzed $10 trillion in stock-market positions through SEC filings to identify six stocks that both hedge funds and mutual funds have as overweight compared to the S&P 500. Among these is newly public SpaceX (SPCX), which trades at a high valuation of 93 times next year's estimated earnings, along with Boeing (BA), Capital One Financial (COF), Mastercard (MA), Thermo Fisher Scientific (TMO), and Visa (V). Despite their varied sectors, the group has outperformed the S&P 500 this year by rising 29% versus 16%. The analysis highlights that such stocks have historically delivered strong annual returns since 2013 but tend to be volatile with high price-to-earnings ratios. Goldman Sachs' report notes a shared overweight in financials for both fund types, the third time this has occurred. Hedge funds are also more exposed to AI-benefiting stocks. The six selected companies include near-duopolies like Visa and Mastercard as well as Boeing's position against Airbus.
Tickers: $BA $COF $GS $MA $SPCX $TMO
Topics: 13-F filings Goldman Sachs analysis hedge funds mutual funds SpaceX