Stocks Heavily Owned by Institutions Up Big

Includes: IVV, SPY
by: Bespoke Investment Group

We recently broke the S&P 500 into deciles (10 groups of 50 stocks) based on a stock's institutional ownership and calculated the average performance of stocks in each decile since the 11/20 low. As shown below, the deciles of stocks that are most heavily owned by institutions have done the best during the rally, while the least owned stocks by institutions are up the least. Is this an indication that the deleveraging from institutions has finally started to ease?

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