A portfolio of « shared favorites » favored by both hedge funds and mutual funds has returned 29% year-to-date, outperforming the equal-weighted S&P 500 by 13 percentage points. Boeing, Capital One, Mastercard, SpaceX, Thermo Fisher Scientific and Visa make up this group, which includes three new additions this quarter: Capital One, SpaceX and Thermo Fisher Scientific. Both types of funds have increased their exposure to financial stocks to their highest level on record according to Goldman Sachs data. Since 2013, this portfolio has delivered an annualized return of 17% with a standard deviation of 22%. The analysis covers approximately $10 trillion in equity positions across 991 hedge funds and 504 mutual funds.
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