FactSet is out with its quarterly report on what stocks the 50 largest hedge funds are holding.
FactSet notes that these hedge funds increased their equity exposure by 1.9% in the first quarter, and increased their exposure to the most widely held names by 7.5%.
Apple, while still being the second-most widely held stock among large hedge funds, was the largest sale for four of the fifty funds, and is the biggest equity position for three funds at the end of the first quarter, down from six in the fourth quarter of 2013.
Exposure to Verizon was increased 328%, or $2.9 billion, in the first quarter, and eBay also saw a huge increase in ownership, growing 109%, or $2.1 billion.
FactSet ranks the holdings by the aggregate amount of stock held, in millions of dollars, by the 50 largest hedge funds.
Here we present the 49 most widely held stocks from the 50 largest hedge funds.
49. T-Mobile US is held by 15 funds
T-Mobile
T-Mobile US CEO John Legere
Sector: Telecommunication Services
Market value held by funds (in millions): $2,253
Weight of stock in Top 50's aggregated portfolio: 0.3%
% of shares outstanding: 8.5%
Recent news: T-Mobile has long been discussed as an acquisition target for Sprint, though reports have indicated that U.S. regulators are reluctant to approve a deal between the no. 3 and no. 4 wireless carriers. In the first quarter, T-Mobile reported 2.4 million total net customer additions.
Source: FactSet
48. McGraw Hill Financial is held by 17 funds
Daniel Goodman / Business Insider
Standard & Poor's is owned by McGraw Hill Financial
Sector: Financials
Market value held by funds (in millions): $2,263
Weight of stock in Top 50's aggregated portfolio: 0.3%
% of shares outstanding: 10.8%
Recent news: McGraw Hill, which owns brands including Standard & Poor's Ratings Services and J.D. Power, reported first quarter revenues grew 5% to $1.24 billion.
Source: FactSet
47. Federal-Mogul Holdings is held by 7 funds
AP Images
Sector: Consumer Discretionary
Market value held by funds (in millions): $2,280
Weight of stock in Top 50's aggregated portfolio: 0.3%
% of shares outstanding: 81.2%
Recent news: Federal-Mogul is an Icahn Associates portfolio company, and in April the company completed the implementation of a new holding company structure.
Source: FactSet
46. ThyssenKrupp is held by 4 funds
Sector: Materials
Market value held by funds (in millions): $2,290
Weight of stock in Top 50's aggregated portfolio: 0.3%
% of shares outstanding: 15.1%
Recent news: Last week, ThyssenKrupp raised its full year sales forecast.
Source: FactSet
45. Berkshire Hathaway is held by 13 funds
Sector: Financials
Market value held by funds (in millions): $2,297
Weight of stock in Top 50's aggregated portfolio: 0.3%
% of shares outstanding: 1.6%
Recent news: Berkshire Hathaway, which is chaired by legendary investor Warren Buffet, recently held its annual shareholder meeting in Omaha. Also of note, is that hedge funds hold the more affordable Class B shares, which currently trade at around $125 per share, or 1/1,500 of the company's Class A issues.
Source: FactSet
44. Amazon is held by 17 funds
Amazon Inc.
Amazon CEO Jeff Bezos
Sector: Consumer Discretionary
Market value held by funds (in millions): $2,331
Weight of stock in Top 50's aggregated portfolio: 0.3%
% of shares outstanding: 1.5%
Recent news: In March, Amazon announced an increase in its Prime subscription service to $99 from $79 per year.
Source: FactSet
43. American Airlines is held by 19 funds
Chris Sloan / Airchive.com
Sector: Industrials
Market value held by funds (in millions): $2,331
Weight of stock in Top 50's aggregated portfolio: 0.3%
% of shares outstanding: 10.6%
Recent news: Earlier this month, American Airlines reported April traffic grew 4.7%.
Source: FactSet
42. CBS Corp. is held by 20 funds
Jeffrey R. Staab/CBS
Sector: Consumer Discretionary
Market value held by funds (in millions): $2,381
Weight of stock in Top 50's aggregated portfolio: 0.3%
% of shares outstanding: 7%
Recent news: CBS recently completed an IPO of its Outdoors unit, which advertises on billboards. The company also announced that Stephen Colbert will be taking over for David Letterman as host of The Late Show in 2015. Letterman has held the post since 1993.
Source: FactSet
41. Qualcomm is held by 24 funds
AP
Sector: Information Technology
Market value held by funds (in millions): $2,424
Weight of stock in Top 50's aggregated portfolio: 0.3%
% of shares outstanding: 1.8%
Recent news: Last month, Qualcomm reported adjusted earnings that beat expectation on revenue that missed estimates.
Source: FactSet
40. Google is held by 21 funds
REUTERS/Eduardo Munoz
Sector: Information Technology
Market value held by funds (in millions): $2,434
Weight of stock in Top 50's aggregated portfolio: 0.3%
% of shares outstanding: 1.6%
Recent news: Effective April 3, Google split its stock into two classes, with voting shares trading under 'GOOG' and non-voting shares trading under 'GOOGL'.
Source: FactSet
39. Walt Disney is held by 16 funds
Sector: Consumer Discretionary
Market value held by funds (in millions): $2,456
Weight of stock in Top 50's aggregated portfolio: 0.3%
% of shares outstanding: 1.8%
Recent news: Disney's 'Frozen' has been a runaway hit, and the company's Studio Entertainment revenues grew 35% last quarter.
Source: FactSet
38. Williams Companies is held by 15 funds
Sector: Energy
Market value held by funds (in millions): $2,532
Weight of stock in Top 50's aggregated portfolio: 0.3%
% of shares outstanding: 9.1%
Recent news: Williams recently announced that it expects 20% annual dividend growth through 2016.
Source: FactSet
37. Equinix is held by 13 funds
Sector: Information Technology
Market value held by funds (in millions): $2,601
Weight of stock in Top 50's aggregated portfolio: 0.4%
% of shares outstanding: 28.5%
Recent news: JANA Partners and Lone Pine Capital both hold stakes in Equinix larger than 5%.
Source: FactSet
36. Danske Bank is held by 4 funds
Sector: Financials
Market value held by funds (in millions): $2,623
Weight of stock in Top 50's aggregated portfolio: 0.4%
% of shares outstanding: 9.3%
Recent news: The Danish bank recently received a ratings upgrade from Standard & Poor's.
Source: FactSet
35. Time Warner is held by 14 funds
Frederick M. Brown/Getty
Sector: Consumer Discretionary
Market value held by funds (in millions): $2,671
Weight of stock in Top 50's aggregated portfolio: 0.4%
% of shares outstanding: 4.6%
Recent news: In April, Amazon and Time Warner's HBO unit announced a deal to stream old HBO content on Amazon's Prime Instant Video service.
Source: FactSet
34. Charter Communications is held by 17 funds
Sector: Consumer Discretionary
Market value held by funds (in millions): $2,721
Weight of stock in Top 50's aggregated portfolio: 0.4%
% of shares outstanding: 20.4%
Recent News: Charter was working with Comcast on a deal to acquire Time Warner Cable, though Comcast eventually went it alone on a bid for the cable operator.
Source: FactSet
33. MasterCard is held by 17 funds
REUTERS/Soe Zeya Tun
Sector: Information Technology
Market value held by funds (in millions): $2,909
Weight of stock in Top 50's aggregated portfolio: 0.4%
% of shares outstanding: 3.4%
Recent news: In the first quarter, MasterCard's earnings per share grew 18% to $0.73.
Source: FactSet
32. Facebook is held by 21 funds
AP Photo/Paul Sakuma
his Feb. 5, 2007 file photo shows Facebook.com founder Mark Zuckerberg at Facebook headquarters in Palo Alto, Calif.
Sector: Information Technology
Market value held by funds (in millions): $3,000
Weight of stock in Top 50's aggregated portfolio: 0.4%
% of shares outstanding: 2.5%
Recent news: Recent reports have suggested that Facebook is looking to build a Snapchat competitor.
Source: FactSet
31. HCA Holdings is held by 23 funds
Sector: Health Care
Market value held by funds (in millions): $3,021
Weight of stock in Top 50's aggregated portfolio: 0.4%
% of shares outstanding: 13%
Recent news: Last week, the company announced it would repurchase $750 million of stock as part of a large secondary offering by funds associated with Brean Capital and private-equity firm KKR.
Source: FactSet
30. CVR Energy is held by 8 funds
REUTERS/ Chip East
Hedge fund titan Carl Icahn
Sector: Energy
Market value held by funds (in millions): $3,051
Weight of stock in Top 50's aggregated portfolio: 0.4%
% of shares outstanding: 83.2%
Recent news: Another Icahn Enterprises portfolio company, earlier this month CVR reported record crude throughput.
Source: FactSet
29. Adobe Systems is held by 17 funds
Eric Laignel/Weston Colton
Sector: Information Technology
Market value held by funds (in millions): $3,132
Weight of stock in Top 50's aggregated portfolio: 0.4%
% of shares outstanding: 9.6%
Recent news: Adobe, along with Apple, Google and Intel, recently settled a lawsuit that alleged the companies conspired to suppress salaries in Silicon Valley.
Source: FactSet
28. Dollar General is owned by 24 funds
AP Images
Sector: Consumer Discretionary
Market value held by funds (in millions): $3,142
Weight of stock in Top 50's aggregated portfolio: 0.4%
% of shares outstanding: 18.1%
Recent news: In its most recent earnings report, Dollar General said it expects total sales in 2014 to grow 8% to 9%.
Source: FactSet
27. Visa is owned by 22 funds
Getty Images/Andrew Harrer, Bloomberg
Sector: Information Technology
Market value held by funds (in millions): $3,246
Weight of stock in Top 50's aggregated portfolio: 0.4%
% of shares outstanding: 3%
Recent news: Last month, Visa and MasterCard suspended network services to Russian banks placed on sanctions by the U.S.
Source: FactSet
26. Micron Technology is owned by 21 funds
REUTERS/Brendan McDermid
Sector: Information Technology
Market value held by funds (in millions): $3,296
Weight of stock in Top 50's aggregated portfolio: 0.4%
% of shares outstanding: 13.1%
Recent news: David Einhorn's Greenlight Capital lowered its stake in Micron last quarter, though the fund still holds more than 44 million shares of the flash memory maker.
Source: FactSet
25. JPMorgan Chase is held by 19 funds
AP Photo
JPMorgan CEO Jamie Dimon
Sector: Financials
Market value held by funds (in millions): $3,380
Weight of stock in Top 50's aggregated portfolio: 0.5%
% of shares outstanding: 1.5%
Recent news: A recent Wall Street Journal report said JPMorgan CEO Jamie Dimon has told investors he plans to stay with the bank for at least five more years.
Source: FactSet
24. Baidu is owned by 18 funds
REUTERS/Jason Lee
Baidu chairman and CEO Robin Li
Sector: Information Technology
Market value held by funds (in millions): $3,388
Weight of stock in Top 50's aggregated portfolio: 0.5%
% of shares outstanding: 8.1%
Recent news: In April, Baidu reported total revenues grew 59.1% over the prior year.
Source: FactSet
23. Citigroup is held by 22 funds
REUTERS/Brendan McDermid
Traders work on the floor of the New York Stock Exchange, January 23, 2012.
Sector: Financials
Market value held by funds (in millions): $3,435
Weight of stock in Top 50's aggregated portfolio: 0.5%
% of shares outstanding: 2.4%
Recent news: Citigroup failed the Fed's most recent stress test, prompting CLSA analyst Mike Mayo to say that "heads should roll" at the bank after the failure.
Source: FactSet
22. Motorola Solutions is held by 18 funds
AP
Sector: Information Technology
Market value held by funds (in millions): $3,446
Weight of stock in Top 50's aggregated portfolio: 0.5%
% of shares outstanding: 21.1%
Recent news: In its most recent quarterly report, Motorola Solutions reported sales that fell 9% from the prior year, and for 2014, the company expects revenue to fall by low single digits.
Source: FactSet
21. Monsanto is held by 21 funds
REUTERS/Eduardo Munoz
A woman holds up a poster during a protest against U.S.-based Monsanto Co. and genetically modified organisms (GMO), in New York May 25, 2013.
Sector: Materials
Market value held by funds (in millions): $3,511
Weight of stock in Top 50's aggregated portfolio: 0.5%
% of shares outstanding: 5.9%
Recent news: At the Sohn Investment Conference earlier this month, Glenview Capital's Larry Robbins said his funds has invested $1 billion in Monsanto.
Source: FactSet
20. Priceline is held by 21 funds
Priceline negotiator.
Sector: Consumer Discretionary
Market value held by funds (in millions): $3,641
Weight of stock in Top 50's aggregated portfolio: 0.5%
% of shares outstanding: 5.9%
Recent news: Priceline shares have been under pressure in recent months, falling more than 15% since topping out near $1,370 per share in early March.
Source: FactSet
19. Comcast is held by 24 funds
Joe Raedle/Getty Images
Sector: Consumer Discretionary
Market value held by funds (in millions): $3,646
Weight of stock in Top 50's aggregated portfolio: 0.5%
% of shares outstanding: 3.4%
Recent news: In February, Comcast struck a deal to acquire Time Warner Cable. Hedge funds may like Comcast, and Time Warner Cable, which also appears on this list, but their customers do not.
Source: FactSet
18. Verizon is held by 19 funds
Sector: Telecommunication Services
Market value held by funds (in millions): $3,745
Weight of stock in Top 50's aggregated portfolio: 0.5%
% of shares outstanding: 1.9%
Recent news: In its most recent 13F, Warren Buffett's Berkshire Hathaway disclosed a new $528.7 million stake in Verizon.
Source: FactSet
17. Wells Fargo is held by 18 funds
Justin Sullivan/Getty Images
A sign is posted in front of a Wells Fargo Bank branch in Oakland, California.
Sector: Financials
Market value held by funds (in millions): $4,001
Weight of stock in Top 50's aggregated portfolio: 0.5%
% of shares outstanding: 1.5%
Recent news: The Fed did not object to the bank's 2014 capital plan, securing it approval for a $0.05 dividend increase and the ability to repurchase an additional 350 million shares.
Source: FactSet
16. eBay is held by 23 funds
Sector: Information Technology
Market value held by funds (in millions): $4,014
Weight of stock in Top 50's aggregated portfolio: 0.5%
% of shares outstanding: 5.7%
Recent news: In April, eBay and Carl Icahn settled their dispute. Icahn had been seeking to get eBay to separate its PayPal business.
Source: FactSet
15. Crown Castle International is held by 21 funds
Sector: Financials
Market value held by funds (in millions): $4,044
Weight of stock in Top 50's aggregated portfolio: 0.5%
% of shares outstanding: 16.4%
Recent news: In its most recent quarterly report, Crown Castle raised its 2014 outlook.
Source: FactSet
14. Actavis is held by 26 funds
Sector: Health Care
Market value held by funds (in millions): $4,053
Weight of stock in Top 50's aggregated portfolio: 0.5%
% of shares outstanding: 11.3%
Recent news: In February, Actavis announced a deal to acquire Forest Laboratories for $25 billion. The deal is expected to close mid-year.
Source: FactSet
13. Canadian Pacific Railway is held by 13 funds
Sector: Industrials
Market value held by funds (in millions): $4,070
Weight of stock in Top 50's aggregated portfolio: 0.6%
% of shares outstanding: 15.4%
Recent news: Bill Ackman's Pershing Square owns 8% of the company, which has gained 7% year-to-date as the rail sector has outperformed in 2014.
Source: FactSet
12. Forest Laboratories is held by 17 funds
Justin Sullivan / Getty
Actavis drugs on a counter at Jack's Pharmacy in San Anselmo, Calif.
Sector: Health Care
Market value held by funds (in millions): $4,141
Weight of stock in Top 50's aggregated portfolio: 0.6%
% of shares outstanding: 16.6%
Recent news: Forest Labs agreed to be acquired by Actavis, another company that appears on this list, for about $89 per share in February.
Source: FactSet
11. Time Warner Cable is held by 25 funds
REUTERS/Joshua Lott
Sector: Consumer Discretionary
Market value held by funds (in millions): $4,173
Weight of stock in Top 50's aggregated portfolio: 0.6%
% of shares outstanding: 11%
Recent news: Time Warner Cable, which had long been an acquisition target, reached a deal to be acquired by Comcast in February.
Source: FactSet
10. Twenty-First Century Fox is held by 22 funds
Sector: Consumer Discretionary
Market value held by funds (in millions): $4,268
Weight of stock in Top 50's aggregated portfolio: 0.6%
% of shares outstanding: 9.2%
Recent news: Earlier this month, Fox reported a 32% increase in revenue in its TV segment, driven by its broadcast of the Super Bowl and the NFL playoffs.
Source: FactSet
9. Air Products is held by 18 funds
Oxford Said Business School
Bill Ackman
Sector: Materials
Market value held by funds (in millions): $4,369
Weight of stock in Top 50's aggregated portfolio: 0.6%
% of shares outstanding: 17.3%
Recent news: Another Ackman name. Ackman's Pershing Square holds a nearly 10% stake in the company, and in February, Ackman outlined in a presentation that he sees the stock rising to $200 within 3 years.
Source: FactSet
8. Liberty Global is held by 20 funds
www.onawalake.com and Getty
Sector: Consumer Discretionary
Market value held by funds (in millions): $4,408
Weight of stock in Top 50's aggregated portfolio: 0.6%
% of shares outstanding: 19.5%
Recent news: In March, the company announced it acquired the remaining 20% stake in VTR, Chile's largest cable operator.
Source: FactSet
7. Thermo Fisher Scientific is held by 20 funds
Sector: Health Care
Market value held by funds (in millions): $4,667
Weight of stock in Top 50's aggregated portfolio: 0.6%
% of shares outstanding: 9.9%
Recent news: In February, Thermo Fisher completed its $13.6 billion acquisition of Life Technologies, a deal first announced in April 2013.
Source: FactSet
6. Walgreen Co. is held by 20 funds
Tony Manfred
Sector: Consumer Staples
Market value held by funds (in millions): $4,749
Weight of stock in Top 50's aggregated portfolio: 0.6%
% of shares outstanding: 7.5%
Recent news: Earlier this month, Walgreens reported April sales that grew 8.8% to $6.49 billion.
Source: FactSet
5. American International Group is held by 25 funds
REUTERS
AIG CEO Robert Benmosche
Sector: Financials
Market value held by funds (in millions): $4,753
Weight of stock in Top 50's aggregated portfolio: 0.6%
% of shares outstanding: 6.5%
Recent news: On May 14, AIG announced it completed the sale of its International Lease Finance Corp to AerCap Holdings for $3 billion in cash and more than 97 million AerCap shares.
Source: FactSet
4. Valeant Pharmaceuticals is held by 18 funds
Reuters/ Eduardo Munoz
Sector: Health Care
Market value held by funds (in millions): $6,449
Weight of stock in Top 50's aggregated portfolio: 0.9%
% of shares outstanding: 14.7%
Recent news: Valeant has teamed with activist investor Bill Ackman to make a bid for Botox-maker Allergan. Allergan has so far rebuffed Valeant's advances, but Valeant and Ackman have scheduled a May 28 webcast to discuss an improved bid.
Source: FactSet
3. Microsoft is held by 23 funds
Sector: Information Technology
Market value held by funds (in millions): $6,865
Weight of stock in Top 50's aggregated portfolio: 0.9%
% of shares outstanding: 2%
Recent news: At an event in New York yesterday, Microsoft its third-generation Surface tablet. By most metrics, Surface has been a flop for Microsoft, but the company probably can't kill the product now.
Source: FactSet
2. Apple is held by 23 funds
AP
Apple CEO Tim Cook
Sector: Information Technology
Market value held by funds (in millions): $8,365
Weight of stock in Top 50's aggregated portfolio: 1.1%
% of shares outstanding: 1.7%
Recent news: Apple shares have been on fire since the company's quarterly report in April. Reports today suggest that Apple is planning to announce new hardware at its WWDC in two weeks. Investors are also waiting for the company to confirm its deal to buy Beats.
Source: FactSet
1. Icahn Enterprises is held by 2 funds
Sector: Consumer Discretionary
Market value held by funds (in millions): $10,570
Weight of stock in Top 50's aggregated portfolio: 1.4%
% of shares outstanding: 88%
Recent news: Icahn Enterprises is the publicly-traded partnership company through which hedge fund titan Carl Icahn owns his subsidiary businesses. In its first quarter report, IEP said results were "somewhat modest" compared to its expectations, but said April was off to a "great start."
Source: FactSet
Read more: http://www.businessinsider.com/top-stocks-of-big-hedge-funds-2014-5?op=1#ixzz32kAWqYrs
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