Mututal Fund Screener
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Does anyone know of a software or website where you can search mutual funds for certain stock holdings? I’d like to be able to search for % investment in a few particular stocks.
Thanks
If you go to Yahoo Finance (and others I’m sure), you can look at a stock’s top institutional holders.
As an example, I just pulled up GE. Go to "Ownership; Major Holders; Top Mutual Fund Holders". Surprise - Index Funds and American Funds are the biggest holders. TOP MUTUAL FUND HOLDERS Holder Shares % Out Value* Reported WASHINGTON MUTUAL INVESTORS FUND 100,333,900 .96 $2,558,514,450 30-Sep-08 VANGUARD 500 INDEX FUND 94,960,666 .90 $2,421,496,983 30-Sep-08 SPDR TRUST SERIES 1 90,815,640 .87 $2,315,798,820 30-Sep-08 VANGUARD TOTAL STOCK MARKET INDEX FUND 77,360,971 .74 $1,972,704,760 30-Sep-08 GROWTH FUND OF AMERICA INC 69,986,080 .67 $1,784,645,040 30-Sep-08 COLLEGE RETIREMENT EQUITIES FUND-STOCK ACCOUNT 64,072,542 .61 $1,710,096,145 30-Jun-08 INVESTMENT COMPANY OF AMERICA 61,945,000 .59 $1,579,597,500 30-Sep-08 VANGUARD INSTITUTIONAL INDEX FUND-INSTITUTIONAL INDEX FD 59,748,871 .57 $1,523,596,210 30-Sep-08 CAPITAL WORLD GROWTH AND INCOME FUND 55,622,100 .53 $1,418,363,550 30-Sep-08 INCOME FUND OF AMERICA INC 48,650,000 .46 $1,240,575,000 30-Sep-08Not to bash American Funds but talk about Stock overlap. WashMu, GFA, ICA, CapWrldG&I, IFA all in the top 10 for holders of GE.
That's why you don't buy all of them in the same portfolio. Duh!
I also wouldn't call the overlap too significant when the top holdings of some of these funds are like 1% of the fund. Sometimes the overlap may seem significant, but when you drill down, it's not that bad.
But again, you shouldn't be owning 5 of American's domestic equity value funds. Even they will tell you not to do that. The only 2 funds of those I use are CWGI and occassionally IFA, which are totally different funds.
[quote=B24]
That's why you don't buy all of them in the same portfolio. Duh!
I also wouldn't call the overlap too significant when the top holdings of some of these funds are like 1% of the fund. Sometimes the overlap may seem significant, but when you drill down, it's not that bad.
But again, you shouldn't be owning 5 of American's domestic equity value funds. Even they will tell you not to do that. The only 2 funds of those I use are CWGI and occassionally IFA, which are totally different funds.
[/quote] Umm yeah DUH! But tell that to your other Jones brokers. I have seen plenty of ports with GFA, CWGI, ICA, and IFA all in the same portfolio. I will even admit when I started with Jones that I structured some portfolios this way myself. To put it in Jones Speak: We have a Growth Fund, an Int'l Growth and Income, a Growth and Income Fund, and a fund that is like a balanced fund with both stocks and bonds in them. Don't tell me it doesn't happen.