Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Betting on These Five Capital Goods Stocks

#3 Illumina, Inc. (NASDAQ:ILMN)

– Number of Hedge Fund Holders (as of September 30): 62
– Total Value of Hedge Fund Holdings (as of September 30): $2.25 billion
– Hedge Fund Holdings as Percent of Float (as of September 30): 8.90%

Illumina, Inc. (NASDAQ:ILMN) recently announced that it has entered into an agreement with Chinese firm Novogene to jointly develop a diagnostic system based on next-generation sequencing technology for clinical oncology testing and prenatal DNA in the China. Although the financial terms weren’t disclosed, the agreement further improves Illumina’s growth prospects, which are sky-high given the impending breakthroughs in biotech over the next two decades. A total of 62 funds owned $2.25 billion of Illumina shares at the end of the third quarter. Among them is Stephen Mandel’s Lone Pine Capital, which had a position of 3.61 million shares.

#2 Comcast Corporation (NASDAQ:CMCSA)

– Number of Hedge Fund Holders (as of September 30): 80
– Total Value of Hedge Fund Holdings (as of September 30): $8.57 billion
– Hedge Fund Holdings as Percent of Float (as of September 30): 6.00%

Although cable is unquestionably in secular decline, Comcast Corporation (NASDAQ:CMCSA) has hedged itself well, given its ownership of NBC universal, and its fast growing high speed internet division. With only 75% of U.S. households having high speed internet, there is plenty of growth ahead for that unit. Meanwhile, Comcast shares trade at a modest 15.89 times forward earnings and pay a 1.7% dividend. The hedge fund sentiment towards the stock has been stable, with 80 funds owning shares of Comcast at the end of the third quarter, up from 76 funds that were long the stock at the end of June.

Follow Illumina Inc (NASDAQ:ILMN)
Trade (NASDAQ:ILMN) Now!

Follow Comcast Corp (NASDAQ:CMCSA)

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.