The One Stock Top Managers Are Gushing Over
Five of our Ultimate Stock-Pickers made sizable investments in this name last quarter.
Each quarter, we take a look at the recent transactions of some of the top money managers around today--who we call our Ultimate Stock-Pickers. Last quarter, one stock was a high-conviction purchase for five of our favorite managers. What’s considered a high-conviction purchase? A high-conviction purchase is one that makes a meaningful addition to a portfolio, as measured by the size of the purchase in relation to the size of the portfolio.
The managers at Vanguard Dividend Growth (VPMCX), American Funds American Mutual (AMRMX), Columbia Dividend Income (LBSAX), Parnassus Core Equity (PRBLX), and T. Rowe Price Blue Chip Growth (TRBCX) all made meaningful purchases of Apple (AAPL) last quarter.