Five Favorite Industrial Stocks Of HedgeCoVest Managers

New York (HedgeCo.net) – The HedgeCoVest platform looks at all of the holdings of each hedge fund manager on the platform and then take the highest conviction trades and creates composite models based on the favorite long and short positions. One of those composite models is the HedgeCoVest Industrial Long-Only model and it was up 2.82% over the 30-day period from July 9 through August 19. During this same time period, the Industrial Select Sector SPDR ETF (NYSE: XLI) was only up 0.8% and the S&P 500 was up 1.38%.

The five stocks that make up the top holdings in the model are FLIR Systems (Nasdaq: FLIR), Chicago Bridge & Iron Company (NYSE: CBI), Mueller Water Products (NYSE: MWA), Thermo Fisher Scientific (NYSE: TMO) and Honeywell International (NYSE: HON).

These stocks, along with the hedge fund managers that chose them, are the reason the model was able to generate alpha for investors. The Industrial Long-Only model is one of 15 different composite models on the HedgeCoVest platform. The models include long-only strategies, short-only strategies and long/short strategies.

Rick Pendergraft
Research Analyst
HedgeCoVest

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