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Below is a list of 16 stocks that are trading near their 52-week highs. However, these stocks have also seen net selling by institutional investors and mutual fund investors over two consecutive quarters.

The "smart money" seems to have underestimated these names--does this mean there's more good news to be priced in, or is this a list of rallies running out of steam? Full details below.



List sorted by market cap.

1. BHP Billiton plc (NYSE:BBL): Industrial Metals & Minerals Industry. Market cap of $224.02B. Net institutional shares sold during current quarter at 3.9M and 6.5M net shares sold during previous quarter. Net mutual fund shares sold during current quarter at 706.7K and 4.1M net shares sold during the previous quarter. The stock has had a couple of great days, gaining 7.08% over the last week.

2. Eni SpA (NYSE:E): Major Integrated Oil & Gas Industry. Market cap of $100.31B. Net institutional shares sold during current quarter at 1.6M and 3.1M net shares sold during previous quarter. Net mutual fund shares sold during current quarter at 2.4M and 481.5K net shares sold during the previous quarter. The stock has gained 11.41% over the last year.

3. SAP AG (NYSE:SAP): Application Software Industry. Market cap of $76.04B. Net institutional shares sold during current quarter at 4.9M and 16.0M net shares sold during previous quarter. Net mutual fund shares sold during current quarter at 619.6K and 11.1M net shares sold during the previous quarter. The stock has gained 28.54% over the last year.

4. Sasol Ltd. (NYSE:SSL)
: Major Integrated Oil & Gas Industry. Market cap of $37.14B. Net institutional shares sold during current quarter at 445.6K and 3.3M net shares sold during previous quarter. Net mutual fund shares sold during current quarter at 1.0M and 768.1K net shares sold during the previous quarter. The stock has gained 38.97% over the last year.

5. WellPoint Inc. (NYSE:WLP): Health Care Plans Industry. Market cap of $26.57B. Net institutional shares sold during current quarter at 13.2M and 7.8M net shares sold during previous quarter. Net mutual fund shares sold during current quarter at 8.6M and 11.2M net shares sold during the previous quarter. The stock has gained 8.68% over the last year.

6. The Chubb Corporation (NYSE:CB):
Property & Casualty Insurance Industry. Market cap of $18.04B. Net institutional shares sold during current quarter at 2.9M and 7.2M net shares sold during previous quarter. Net mutual fund shares sold during current quarter at 6.2M and 8.9M net shares sold during the previous quarter. The stock has gained 22.03% over the last year.

7. Pioneer Natural Resources Co. (NYSE:PXD): Independent Oil & Gas Industry. Market cap of $12.09B. Net institutional shares sold during current quarter at 257.8K and 3.9M net shares sold during previous quarter. Net mutual fund shares sold during current quarter at 1.2M and 1.3M net shares sold during the previous quarter. The stock has gained 69.24% over the last year.

8. AmerisourceBergen Corporation (NYSE:ABC): Drugs Wholesale Industry. Market cap of $11.06B. Net institutional shares sold during current quarter at 4.2M and 4.2M net shares sold during previous quarter. Net mutual fund shares sold during current quarter at 2.3M and 4.4M net shares sold during the previous quarter. Risk-averse investors may appreciate that ABC has a relatively low correlation to the market (beta = 0.7). The stock has gained 41.08% over the last year.

9. The Sherwin-Williams Company (NYSE:SHW): Specialty Retail Industry. Market cap of $9.16B. Net institutional shares sold during current quarter at 371.3K and 1.1M net shares sold during previous quarter. Net mutual fund shares sold during current quarter at 1.1M and 2.3M net shares sold during the previous quarter. SHW has a relatively low correlation to the market (beta = 0.66), which may be appealing to risk-averse investors. The stock has gained 26.15% over the last year.

10. DTE Energy Co. (NYSE:DTE): Electric Utilities Industry. Market cap of $8.36B. Net institutional shares sold during current quarter at 920.4K and 4.2M net shares sold during previous quarter. Net mutual fund shares sold during current quarter at 675.7K and 2.4M net shares sold during the previous quarter. The stock has gained 13.08% over the last year.

11. DaVita, Inc. (NYSE:DVA): Specialized Health Services Industry. Market cap of $8.31B. Net institutional shares sold during current quarter at 5.7M and 1.3M net shares sold during previous quarter. Net mutual fund shares sold during current quarter at 1.4M and 1.5M net shares sold during the previous quarter. The stock has gained 35.25% over the last year.

12. Henry Schein Inc. (NASDAQ:HSIC):
Medical Equipment Wholesale Industry. Market cap of $6.51B. Net institutional shares sold during current quarter at 937.8K and 1.2M net shares sold during previous quarter. Net mutual fund shares sold during current quarter at 1.3M and 2.1M net shares sold during the previous quarter. Risk-averse investors may appreciate that HSIC has a relatively low correlation to the market (beta = 0.65). The stock has gained 5.05% over the last week.

13. Brasil Telecom S.A. (BTM): Diversified Communication Services Industry. Market cap of $5.44B. Net institutional shares sold during current quarter at 4.6M and 2.0M net shares sold during previous quarter. Net mutual fund shares sold during current quarter at 170.7K and 204.1K net shares sold during the previous quarter. BTM offers a good dividend, and appears to have good liquidity to back it up--dividend yield at 5.14%, current ratio at 1.26, and quick ratio at 1.25. The stock has had a couple of great days, gaining 8.63% over the last week.

14. Weight Watchers International, Inc. (NYSE:WTW): Personal Services Industry. Market cap of $5.21B. Net institutional shares sold during current quarter at 2.2M and 1.1M net shares sold during previous quarter. Net mutual fund shares sold during current quarter at 131.6K and 2.1M net shares sold during the previous quarter. Exhibiting strong upside momentum--currently trading 14.92% above its SMA20, 33.55% above its SMA50, and 95.2% above its SMA200. The stock has had a couple of great days, gaining 10.74% over the last week.

15. NSTAR (NYSE:NST): Electric Utilities Industry. Market cap of $4.85B. Net institutional shares sold during current quarter at 301.7K and 926.9K net shares sold during previous quarter. Net mutual fund shares sold during current quarter at 392.3K and 392.0K net shares sold during the previous quarter. NST has a relatively low correlation to the market (beta = 0.32), which may be appealing to risk-averse investors. The stock has gained 35.06% over the last year.

16. Core Laboratories NV (NYSE:CLB): Oil & Gas Equipment & Services Industry. Market cap of $4.67B. Net institutional shares sold during current quarter at 1.1M and 70.9K net shares sold during previous quarter. Net mutual fund shares sold during current quarter at 351.8K and 957.4K net shares sold during the previous quarter. Risk-averse investors may appreciate that CLB has a relatively low correlation to the market (beta = 0.79). The stock is a short squeeze candidate, with a short float at 18.28% (equivalent to 23. days of average volume). CLB has gained 55.53% over the last year.

*Institutional and mutual fund data sourced from Fidelity, all other data sourced form Finviz.

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

Source: 16 Stocks Hitting New Highs, Being Dumped by the Smart Money