Apple tops Jefferies’ list of the most under-owned stocks by U.S. long-only funds right now. Up 36% for 2023 so far, Apple topped Jefferies’ list that published Wednesday of the top 20 stocks by U.S. long-only funds.
Barbara Kollmeyer for MarketWatch:
Warren Buffett’s Berkshire Hathaway was the fifth most under-owned on that list.
Jefferies offered a separate breakdown for the most under-owned stocks among global hedge funds, with Tesla and Apple again at the top, along with Ford and Exxon.
As for over-owned stocks, Alphabet, and Meta Platforms were at the top of a list of 20 names among U.S. long-only funds, with Netflix also in the top five. Among global hedge funds, Microsoft, Meta, and Nvidia were the top three over-owned names, followed by Amazon.com and Activision Blizzard
MacDailyNews Note: Here’s Jeffries’ Top 20 under-owned companies by U.S. long-only funds:
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16 billion outstanding shares and it’s “under-owned.” O-kaaay.
I don’t know what any of this means. The main article does not help. No abbreviations are explained. One is just supposed to “know” how all these numbers relate. I don’t. Is being under-owned good, bad, or indifferent?