There are 10 stocks that hedge funds and mutual funds are crowding into on the hopes of beating the S&P 500, according to UBS.
The investment bank alerted clients to the “top 10 crowded trades” Wednesday.
To be sure, it’s not necessarily a good thing making this list of crowded trades because they can often reverse badly on the slightest negative news as investors stampede for the exits.
Here’s the list:
On the flip side, UBS also gave clients the least crowded trades. These are the stocks that institutional active managers are most underweight relative to their weights in benchmarks.