Skip to Content
Investing Specialists

Ultimate Stock-Pickers: Top 10 High-Conviction and New-Money Purchases

While overall activity for our top managers decreased again, our early read on the buying and selling activity during the period did uncover a few ideas worth considering.

Mentioned: , , , , , , , , ,

For the past eight years, our primary goal with the Ultimate Stock-Pickers concept has been to uncover investment ideas that not only reflect the most recent transactions of our grouping of top investment managers (see here) but are timely enough for investors to get some value from them. In cross-checking the most current valuation work and opinions of Morningstar's own cadre of stock analysts against the actions (or inactions) of some of the best equity managers in the business, we hope to uncover a few good ideas each quarter that investors can dig a bit deeper into to see if they warrant a long-term commitment.

With close to 90% of our Ultimate Stock-Pickers having reported their holdings for the fourth quarter of 2016, we have a good sense of what stocks piqued their interest during the period. While the story of 2016’s third quarter (see here) was one where the equity markets were largely calm (relative to the disruption that was caused by the Brexit vote in late June), the story of the fourth quarter revolved around the runup to—as well as the market’s euphoria following—the unexpected U.S. presidential election results. Our initial thoughts on the actions of our top managers so far is that they're taking a wait-and-see approach to the election results, suggesting to us that it might be difficult right now for many managers to handicap the potential business-friendly tax and regulatory reform that comes with a Trump presidency with his protectionist trade proposals and the economic uncertainty that brings.

The Morningstar Ultimate Stock-Pickers Team has a position in the following securities mentioned above: AAPL. Find out about Morningstar’s editorial policies.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.