Which Stocks are the Best US Fund Managers Buying?

By crosschecking the opinions of Morningstar's stock analysts against the actions of some of the best equity managers in the industry, we hoped to uncover a few good ideas

Greggory Warren, CFA 20 November, 2015 | 9:45AM
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Based on the buying and selling activity of our top managers during the third quarter, it appears that the ongoing trend of high-conviction purchases of firms with economic moats continued during the most recent period.

That said, just three of the top 10 high-conviction purchases; no-moat Walgreens Boots Alliance (WBA) and wide-moated-rated American Express (AXP) and Intel (INTC), during the period represented meaningful new-money buys for at least two of our Ultimate Stock-Pickers. And much as we've seen during past periods, there were a fair number of outright sales in the quarter, most of which were driven by valuation as opposed to changes in opinion.

Ultimate Stock Pickers High Conviction Buys

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
American Express Co180.95 USD-0.75Rating
Intel Corp48.28 USD-2.29Rating
Walgreens Boots Alliance Inc48.31 USD-1.85Rating

About Author

Greggory Warren, CFA  Greggory Warren, CFA, is a senior stock analyst with Morningstar.