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stock market chart

Major Company Upgrades Positive for Several Mutual Funds

Jul 21, 2014

Despite the markets closing lower on Monday, there may be reason for mutual fund investors to be optimistic if several analyst calls from earlier today prove to be correct.

Apple


As of the end of March, the Fidelity Contrafund (FCNTX) owned nearly 20 million shares, making up over 3% of the fund’s overall holdings.

The Vanguard Total Stock Market Index Fund (VTSMX) had Apple as its largest position, with nearly 97 million shares.


Amazon


The American Funds The Growth Fund of America A shares (AGTHX) is a huge believer in the company, making it account for over 4% of the fund’s overall holdings – the most for any stock.

A fellow American Funds mutual fund – Fundamental Investors Fund Class A (ANCFX) also maintains a sizable percentage of shares (3.28% of fund’s assets), right behind its top holding – Microsoft (MSFT).


Baidu


Oppenheimer Developing Markets Fund Class A (ODMAX) makes Baidu its largest position in the fund, owning nearly 12M shares as of its last reporting period.

The Artisan International Fund (ARTIX) also makes Baidu its largest position (4.48% of the fund’s assets).


The Bottom Line


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