Goldman Sachs' VIP List: Following Smart Money...

Goldman Sachs just released the VIP List which displays long hedge funds most widely held positions in the first quarter of 2010. They derive this list by compiling the 13f filings that hedge funds submit every quarter. It's extremely valuable if investors want to look to the best and brightest for some investing ideas.

According to Market Folly:

Hedge fund returns are often dependent on only a few key stocks and a fund's top 10 holdings typically represent 60% of their assets. As such, it makes complete sense that the VIP list tracks stocks that most frequently appear in the top ten holdings of various fundamentally driven hedge funds. Goldman's VIP basket of 50 stocks has outperformed the S&P 500 by 67 basis points on a quarterly basis since 2001 with a Sharpe ratio of 0.24. Those of you with Bloomberg Terminal access can look it up via GSTHHVIP.

Here are the top 10 ranked by the number of hedge funds that have these positions as a top holdings:

1. Apple (AAPL): 72 hedge funds owned it as a top 10 holding
2. Bank of America (BAC): 46
3. Google (GOOG): 43
4. Microsoft (MSFT): 40
5. JPMorgan Chase (JPM): 39
6. Pfizer (PFE): 34
7. CIT Group (CIT): 31
8. Intel (INTC): 25
9. Qualcomm (QCOM): 25
10. Cisco Systems (CSCO): 22

Read more: http://www.marketfolly.com/2010/05/goldman-sachs-vip-list-stocks-that.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MarketFolly+%28Market+Folly%29#ixzz0ov70RRXP



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