To make the cut at FMI Large Cap , a stock must go through an intensive examination.
Will this one work?
Top managers were finding new places to put money to work and adding to existing high-conviction ideas in the first quarter.
Higher levels of manager investment are a good sign.
These top investment managers put new money to work in several wide-moat names, including United Technologies.
Top managers continue to find new opportunities, while taking full advantage of a rising stock market to book some gains.
A group of top managers remains cautious and commits more capital to traditional defensive sectors, while taking advantage of a rising (and potentially overvalued) market to book some gains.
Our Ultimate Stock-Pickers Index continues to beat the market even as relatively few of our top managers are outperforming the S&P 500.
Our top managers continue to focus on higher-quality businesses rather than seeking out bargains in a market that (in many of their minds) has become fully valued.
The continuing U.S. stock market rally has diminished the number and similarity of purchases across these top managers.