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Interested in finding high yield large caps to add to your portfolio for the new year?

We ran a screen on large-cap companies (market caps above $10 billion) for those yielding more than 2%. Large cap companies are considered more stable than their smaller counterparts.

We wanted to present you with companies that are already on the radar of sophisticated investors, so we screened for those with bullish sentiment from institutional investors, with significant net institutional purchases over the last quarter representing at least 5% of share float.

This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to outperform into the future.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Do you think hedge funds are calling it right on these names? Use this list as a starting point for your own analysis.

List sorted by net institutional purchases as a percent of share float.

1. Health Care REIT, Inc. (HCN): Engages in investment, development, and management of properties. Market cap at $15.56B, most recent closing price at $59.93. Net institutional purchases in the current quarter at 34.3M shares, which represents about 13.26% of the company's float of 258.59M shares. Dividend at 4.94%.

2. The Blackstone Group (BX): Provides alternative asset management and financial advisory services worldwide. Market cap at $16.63B, most recent closing price at $14.59. Net institutional purchases in the current quarter at 30.7M shares, which represents about 7.61% of the company's float of 403.33M shares. Dividend at 2.74%.

3. Eaton Corporation (ETN): Operates as a power management company worldwide. Market cap at $17.29B, most recent closing price at $51.17. Net institutional purchases in the current quarter at 21.4M shares, which represents about 6.49% of the company's float of 329.68M shares. Dividend at 2.97%.

4. M&T Bank Corporation (MTB): Operates as the holding company for M&T Bank and M&T Bank, National Association that provide commercial and retail banking services to individuals, corporations and other businesses, and institutions. Market cap at $12.66B, most recent closing price at $98.91. Net institutional purchases in the current quarter at 7.4M shares, which represents about 6.33% of the company's float of 116.96M shares. Dividend at 2.83%.

Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: Money Managers Love These 4 Dividend Large Caps