Sin Stocks Report: Summer Of Sin #17 — Who Else Owns Sin Stocks?
No one wants to be a copycat but it is sometimes helpful to know who else is investing in a specific stock in order to feel comfortable making your investing decisions. So, who else owns sin stocks?
Who Else Owns Sin Stocks?
When you’re doing your due diligence on a sin stock (or on any stock), it’s helpful to know if someone else owns that stock too. So, here’s how you can find out who else owns sin stocks.
Step 1. Go to http://www.msn.com/en-us/money
Step 2. In the search bard, enter the name of a sin stock and click “Search”. (For a full list of sin stocks, check out the big-ass list of sin stocks right here at SinStocksReport.) The search result will display the basic summary of the stock and provide links to other pieces of information.
Step 3. Click “Ownership”. You will then see a big list of companies that own a lot of this stock, including funds and institutional investors. The information is presented in order of the size of their holdings, with the largest investors listed at the top.
Sin Stocks Ownership Example
Let’s look at Altria (MO) as an example.
If we search for MO, we’ll see the Altria Summary.
And when we click on “Ownership” we see a list of mutual fund and institutional investors. (Institutional investors are large organizations, including banks and governments, that make significant investments in a stock.)
At the time of this writing, the top 5 mutual funds holding Altria stock are:
- Vanguard Total Stock Mkt Idx
- Vanguard 500 Index Fund
- VA CollegeAmerica Cap Income Builder
- SPDR® S&P 500® ETF Trust
- VA CollegeAmerica Invmt Co of America
And the top 5 institutional investors holding Altria stock are:
- Vanguard Group Inc
- State Street Corp
- BlackRock Fund Advisors
- Capital Research Global Investors
- Capital World Investors
Of course this information might change when you review it but this is a great place to start to see who else holds the stock you’re thinking of buying.
Why is this so powerful? Because many of these companies have huge groups of people doing due diligence, which means you can “steal” their due diligence by assuming that they hold the stock for a reason. (Of course, they may have a different reason than you for holding the stock but the fact that they hold the stock at all is a valuable piece of data for you.)
