For many investors, tech stocks are a staple of a well-balanced investment portfolio. But just how prevalent are some of the more established players?
The investment research platform eVestment recently analyzed long-only portfolio holdings from 6,053 active equity strategies in Q1 of 2019 and compiled a list of the most commonly owned stocks in the world (hat tip to Axios, where we came across this data).
Tech stocks make up 6 of the top 10 spots — and Microsoft, which tops the list, makes a showing in 24.1% of all portfolios.
A $1k investment in Microsoft stock when the company IPO’d in 1986 would be worth around $1.6m today. According to the data above, many investors seem to believe the company is a stable, reliable addition to portfolios.
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Alphabet, which is a much younger company — and appears in 21.6% of all portfolios — doesn’t lag too far behind. It’s likely we’ll see a new leader here in the next few years.