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BANK OF AMERICA: Money managers love these 9 stocks

Raul HernandezAug 26, 2024, 15:58 IST

GoogleGoogle employees form a Google "G."Bank of America Merril Lynch released its equity and quant strategy analysts' list of the most overowned stocks held by active managers.

The list is a part of a new report on active manager holdings.

According to BAML, the "overowned" list includes companies that meet the following criteria:

"Stock is 1.5x or more than its weight in the S&P 500 in the fund manager composite, and more than 35% of funds in the sample hold the stock."

The list ranges from tech giants like Alphabet and Amazon to healthcare companies like Biogen and UnitedHealth.

Check out the list of nine stocks below:

Get the latest Bank of America stock price here.