Each quarter, Citigroup reviews the top 10 holdings in the 50 largest actively managed mutual funds. The goal? To get a sense of which large-company stocks are under- or over-represented in the mutual-fund universe. Microsoft won the top spot with 19 top-10 listings, as General Electric slipped to second place after spending two years in the lead. In growth funds, the most popular stocks were Google, Apple, and Microsoft. Among value funds, the most-owned names were Bank of America and AT&T.
Citi also named "buy"-rated stocks with limited exposure in the top-10 lists: Intel, United Technologies, UPS, McDonald's, Medtronic, and Morgan Stanley.