6 High-Growth S&P 500 Stocks Being Snapped Up By Hedge Funds

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Includes: ANF, ESV, GHC, NRG, PXD, SLB
by: Kapitall

Looking to add some growth to your portfolio? Here are some ideas to start your stock search.

We ran a screen on stocks with high growth, measured by 5-year projected EPS growth rates above 15%.

We then 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 these stocks are poised to outperform? List sorted by EPS growth.

1. NRG Energy, Inc. (NYSE:NRG): Operates as a wholesale power generation company. Market cap at $4.82B, most recent closing price at $21.10. Net institutional purchases in the current quarter at 15.8M shares, which represents about 6.96% of the company's float of 227.12M shares. 5-year EPS growth at 28.3%.

2. Ensco plc (NYSE:ESV): Provides offshore contract drilling services to the oil and gas industry. Market cap at $13.52B, most recent closing price at $58.23. Net institutional purchases in the current quarter at 12.7M shares, which represents about 5.47% of the company's float of 232.18M shares. 5-year EPS growth at 27.6%.

3. Abercrombie & Fitch Co. (NYSE:ANF): Operates as a specialty retailer of casual apparel for men, women, and kids. Market cap at $3.79B, most recent closing price at $45.89. Net institutional purchases in the current quarter at 5.1M shares, which represents about 6.97% of the company's float of 73.18M shares. 5-year EPS growth at 18.37%.

4. Pioneer Natural Resources Co. (NYSE:PXD): Engages in the exploration and production of oil and gas in the United States, South Africa, and Tunisia. Market cap at $13.19B, most recent closing price at $107.0. Net institutional purchases in the current quarter at 6.2M shares, which represents about 5.51% of the company's float of 112.45M shares. 5-year EPS growth at 18.27%.

5. The Washington Post Company (WPO): Operates as a diversified education and media company in the United States and internationally. Market cap at $2.71B, most recent closing price at $367.06. Net institutional purchases in the current quarter at 612.8K shares, which represents about 14.02% of the company's float of 4.37M shares. 5-year EPS growth at 18.1%.

6. Schlumberger Limited (NYSE:SLB): Together with its subsidiaries, supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industries worldwide. Market cap at $95.08B, most recent closing price at $71.62. Net institutional purchases in the current quarter at 81.2M shares, which represents about 6.15% of the company's float of 1.32B shares. 5-year EPS growth at 16.51%

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

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Business relationship disclosure: Business relationship disclosure: Kapitall is a team of analysts. This article was written by Sabina Bhatia, one of our writers. We did not receive compensation for this article (other than from Seeking Alpha), and we have no business relationship with any company whose stock is mentioned in this article.