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
Large heavy-hitting medical stocks being bought by top funds
in their latest reporting periods includeGilead Sciences (
),Jazz Pharmaceuticals (
) andIllumina (
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
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.
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
IPhone makerApple (AAPL) saw 39 net-selling funds. Investors
also took profit from fellow computer hardware firmXerox