Goldman's 20 S&P 500 stocks with most concentrated hedge fund ownership ranked by SA Quant

Nov. 22, 2025 3:57 PM ETS&P 500 Index (SP500), SH, SPY, VOO, IVV, SDS, RSP, SSO, UPRO, SPXU, , , , , , , , , , , , , , , , , , , By: Anuron Mitra, SA News Editor
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Goldman Sachs analysts updated their basket of 20 S&P 500 stocks with the most concentrated hedge fund ownership on Thursday, adding eight new names to a list that was topped by Incyte (INCY).

According to the analysts, since 2001, "the strategy of

Quick Insights

  • It outperformed the S&P 500 in 58% of quarters with an average excess return of 132 basis points per quarter since 2001.
  • Incyte and Invesco top the list, both with Strong Buy Quant ratings above 4.8 and high hedge fund ownership percentages.
  • The Quant system rates stocks 1-5 based on quantitative measures; above 3.5 suggests bullish outlook, below 2.5 is bearish.

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