Three Stocks Top-Performing Funds Like: Facebook Baidu Gilead


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The new buys list of top-performing funds the past three months showed some heavy buying of top-rated stocks.

The nation's leading funds have been stocking up on medical issues, which fared well as the market resumed its uptrend in August.

Large heavy-hitting medical stocks being bought by top funds in their latest reporting periods includeGilead Sciences ( GILD ),Jazz Pharmaceuticals ( JAZZ ),Allergan ( AGN ),Celgene ( CELG ) andIllumina ( ILMN ).

The funds also bumped up their holdings of consumer discretionary stocks, such as drinks makerMonster Beverage (MNST), k-cup coffee and tea giantKeurig Green Mountain (GMCR). Apparel makerHanesbrands (HBI) and casual fast-food chainChipotle Mexican Grill (CMG) were also popular among leading funds.

ChipmakersAvago Technologies (AVGO),NXP Semiconductor (NXPI) andCavium (CAVM) were favorites among leading funds.

A handful of oil and gas stocks, such asWhiting Petroleum (WLL),Continental Resources (CLR) andTarga Resources (TRGP), have been steady performers.

Managers of best-performing funds also favored Internet content providers, such as social media giantFacebook (FB).

And IBD found 72 top-notch funds loaded up on Chinese search engineBaidu (BIDU), investing an estimated $1.07 billion in their latest reporting periods. Two T. Rowe Price A+ rated funds, Growth Stock and Blue Chip Growth, owned big stakes in the firm.

The Beijing-based company recently invested $10 million in IndoorAtlas, a Finnish developer of indoor mapping software. The agreement will make Baidu the sole user of IndoorAtlas' technology in China and bolsters Baidu's own mapping service.

Baidu's stock is currently building the right side of a short second-stage flat base. It's trading within range of its buy point of 222.23.

As of Wednesday, IBD's Internet-Content group was ranked at No.8, up from 30th place six weeks ago.

Sell Side

The country's top funds have been unloading home improvement retailersHome Depot (HD) andLowe's (LOW), as of their latest reporting periods. Pet store chainPetSmart (PETM) has also been sold.

IPhone makerApple (AAPL) saw 39 net-selling funds. Investors also took profit from fellow computer hardware firmXerox (XRX).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Mutual Funds
More Headlines for: GILD , JAZZ , AGN , CELG , ILMN

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