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Market Update

3 Recent Buys From Top Large-Cap Managers

Medalist managers picked up Cognizant, Johnson & Johnson, and Antero Resources during the first quarter of 2017.

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This year started with a bang. Markets posted strong gains on optimism the new U.S. president would make good on his campaign promises. The S&P 500 Index gained 6%, the Dow Jones Industrial Average rose 5%, and the Nasdaq Composite jumped 10% during the first three months of the year.

Despite rising valuations in the equity market during the quarter, some managers were able to find opportunity. Here are a few pickups that Medalist managers running large-cap stock funds made during the quarter.

Manuela Badawy does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.