Top-Performing Funds Add Shares Of Health Care Stocks


Mutual Fund Quarterly

The country's leading funds the past three months have been buying medical stocks in the latest reporting periods.

Major medical plays being added by top funds includeQuestcor Pharmaceuticals ( QCOR ),SXC Health Solutions ( SXCI ),Alexion Pharmaceuticals ( ALXN ) andCatalyst Health Solutions ( CHSI ).

These top-performing stocks each hit 52-week highs in the latest confirmed uptrend.

On average, health/biotech stocks gained 5.62% in June and 1.84% in the second quarter. The S&P 500 rose 4.07% in June and fell 2.89% in the second quarter.

Among the 197 industry groups, three medical groups were ranked among the top 10 as of Tuesday.

A handful of telecom stocks have been grabbing the attention of the best-performing funds.

Cable giantComcast ( CMCSA ) has been heavily added by top funds such as $81.3 billion Fidelity Contrafund and $4.4 billion MFS Utility Fund. Top-performing telecom stock American Tower REIT (AMT) was also rocking its way up to new highs.

IBD spotted two top-notch funds loading up on SXC Health Solutions, investing an estimated $3.67 million.

The $41.8 billion Fidelity Growth Company Fund bumped up its holdings in the latest reporting periods.

The Lisle, Ill.-based firm provides pharmacy benefit management services and health care IT solutions to the health care industry.

SXC recently completed its merger with Catalyst Health Solutions. The combined company is expected to cover about 25 million members.

The stock was already moving in a steady uptrend from a 52-week low in October to mid-April. After news of the merger with Catalyst Health Solutions, the stock rocketed higher to an intraday high of 101 on April 20.

After that it traded in a flat base amid the spring market correction. SXC is currently perched at about 97.

Sell Side

The nation's top funds have been unloading Finance-Property REIT issues, includingApartment Investment & Management (AIV),Prologis (PLD) andEssex Property (ESS).

Big household names such asMicrosoft (MSFT),Coca-Cola (KO),Colgate Palmolive (CL),PepsiCo (PEP) andWal-Mart (WMT) were also sold by top funds in their latest reporting periods.

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

This article appears in: Investing , Mutual Funds

Referenced Stocks: ALXN , CHSI , CMCSA , QCOR , SXCI

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