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Jim Cramer is one of the top watched TV personalities on CNBC. He is the host of Mad Money and the co-founder and chairman of TheStreet.com. Nearly 250,000 people watch his show daily on TV and most of these are ordinary investors trying to understand what’s going on in the market. Cramer’s bullish and bearish stock picks on his show is the starting point for many investments made by these folks. Cramer makes several bullish calls in his show but only buys a small proportion of these stocks for his charitable trust. These are the stocks Cramer is really bullish about. Recently Cramer had 34 stocks in his charitable trust’s portfolio and the following 12 stocks covers 55% of the bets Cramer made.

Stock

Ticker

Cramer's Bet

No of Hedge Funds

AMERICAN EXPRESS CO

AXP

130896

40

COCA-COLA CO

KO

123300

41

APACHE CORP

APA

110319

36

PRUDENTIAL FINANCIAL INC

PRU

99876

23

E N S C O PLC

ESV

97062

41

SANOFI AVENTIS

SNY

93314

64

KOHLS CORP

KSS

89110

19

PNC FINANCIAL

PNC

88996

28

E M C CORP MA

EMC

86440

45

CATERPILLAR INC

CAT

85160

38

ORACLE CORP

ORCL

82615

49

APPLE INC

AAPL

76716

103

Apple is the best performing stock among Cramer’s top picks. AAPL gained 16.2% since the end of June, vs. SPY’s 8% loss. Apple was also the most popular stock among hedge funds at the end of second quarter (see the 10 most popular stocks among hedge funds). There were 103 hedge funds with bullish Apple bets among the 300+ funds we are tracking.

Cramer’s biggest bet, American Express, also managed to beat the market since June. There were 40 hedge funds with AXP bets at the end of June. Billionaire Warren Buffett’s Berkshire (NYSE:BRK.B) has the largest position in AXP among the funds we are tracking. Buffett has nearly $8 billion in American Express (check out Buffett’s top stock picks). Value investor Bill Miller is also among AXP investor with a $165 million position in June. He trimmed his bet by 41% during the second quarter though.

Cramer’s second-largest stock pick is also another stock Buffett loves: Coca-Cola. KO returned 3.6% since the end of June, beating the S&P 500 index by more than 11 percentage points. Buffett now has $14 billion invested in this company. UK hedge fund Lansdowne Partners also has a $1+ bet on Coca-Cola at the end of June (see the list of hedge funds in KO here).

One area where Cramer’s stock picks underperformed is financials. Cramer has been urging his viewers to stay away from financial stocks. That was good advice. Unfortunately, even the financial stocks he is most bullish about suffered deep losses. Prudential lost 21.1% and PNC declined 16.8% since the end of June. Prudential is also the worst performing stock in this list.

Overall Cramer’s top stock picks have been underperforming the SPY by about 1.5 percentage points. However, these are mostly high beta stocks and they should increase more than the market as the broader market indices continue to recover.

Disclosure: I am long SPY.

Source: Jim Cramer's Bullish On These 12 Stocks