Institutional Investors Favor Oracle, Global Payments, Micron Stocks Over Apple And Nvidia In Q1
Portfolio Pulse from Surbhi Jain
In Q1 2024, institutional investors shifted their tech stock preferences, favoring Oracle, Global Payments, and Micron over traditional giants like Nvidia and Apple. Oracle emerged as the top pick, followed by Global Payments and Micron, indicating a growing confidence in these companies' future prospects.
May 20, 2024 | 8:11 pm
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NEGATIVE IMPACT
Apple ranked seventh in institutional interest, with a significant number of filers reducing their positions.
Apple was held by 24 filers, with 21 placing it in their top 10 holdings. The average portfolio rank was 4, but 16 filers reduced their positions, indicating a shift in preference.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nvidia ranked sixth in institutional interest, with a notable number of position decreases despite being held by 18 filers.
Nvidia was held by 18 filers, with 16 placing it in their top 10 holdings. However, the average portfolio rank was 4, and the stock saw 10 position decreases, indicating a shift in preference.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Global Payments Inc. saw a significant rise in institutional interest, securing the second spot among tech stocks in Q1 2024.
Global Payments was held by five filers, with one listing it among their top 10 holdings. The average portfolio rank was 14, and three filers increased their positions, highlighting growing confidence in its potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Micron Technology ranked third in institutional interest, with a renewed focus on its capabilities in the tech sector.
Micron was held by five filers, with four placing it in their top 10 holdings. The average portfolio rank was 9, with mixed sentiment as two filers increased and two decreased their positions.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Oracle Corp emerged as the top tech stock pick among institutional investors in Q1 2024, with strong confidence in its performance.
Oracle was held by six filers, with five placing it among their top 10 holdings. The average portfolio rank was 11, and two filers increased their positions, indicating strong confidence in its future prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100