8 Small Caps at the Top of Institutional Portfolios

by: Tickerspy

By Max Magee

Because most institutional investors are tasked with putting large sums of money to work, mega-caps like ExxonMobil (NYSE:XOM) and Apple (NASDAQ:AAPL) tend to dominate their portfolios. However, there are some smaller names that crop up near the top of these big portfolios from time to time.

Looking at companies with a market cap of less than $1 billion, Canadian firm Nordion (NYSE:NDZ), the world's largest provider of isotopes to the healthcare industry, appeared among the top 15 U.S.-listed stocks in 17 institutional portfolios at the end of Q1.

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Small-cap autoparts makers are also garnering interest, as Accuride (NYSE:ACW) and Titan International (NYSE:TWI), both specializing in wheels, were each among the top 15 U.S.-listed stocks in 15 institutional portfolios at the end of Q1.

Other popular small-caps at the end of the first quarter included power equipment supplier Global Power Equipment Group (GLPW); mortgage REIT CreXus Investment (NYSE:CXS); Hypercom (NYSE:HYC), a payment systems provider that is in the process of being acquired by VeriFone Holdings (NYSE:PAY) in a deal that is undergoing regulatory scrutiny; utility Dynegy Inc (NYSE:DYN); and media firm Ascent Media (NASDAQ:ASCMA). All six were in the top 15 U.S.-listed equity holdings of 10 or more pros at the end of Q1.

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