After an amazing run this year, the most hated stock rally in history finally appears to be taking a breather. While many investors have been wary of the market in recent months, institutional investors continue to increase their holdings.
The 10 largest money management countries — measured by the equity assets of the country’s 50 largest institutional investors — raised equity holdings by 0.8 percent in the second quarter compared to the first three months of the year, according to a report by FactSet. The United States and Japan experienced the heaviest amount of buying, while the Dutch and Swiss aggregates were the only countries to post a decline.
Companies in the U.S. dominate institutional holdings. In fact, seven of the top 10 are located in the Dow Jones Industrial Average. Here’s a look at the top 10 most popular holdings according to institutional market value.