Top managers continue to find opportunities for some new-money purchases, while taking full advantage of a rising stock market to book gains in shares trading above their fair value estimates.
Top managers were finding new places to put money to work and adding to existing high-conviction ideas in the first quarter.
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.
The continuing U.S. stock market rally has diminished the number and similarity of purchases across these top managers.
A group of top managers continue to keep looking for good investment opportunities, while taking full advantage of a rising (and potentially overvalued) market to book some gains.
While more than one third of these top fund managers are outperforming this year, four of them stand out from the rest given their ability to outperform the market over almost all time periods.
The pickings continue to get slimmer for a proven group of top fund managers as the market continues to trade around its all-time high.
Our top managers continue to put money into wide-moat firms.