10 Stocks Owned by the Best Fund Managers (Update2)
BOSTON (TheStreet) -- Although many of the best mutual fund managers were ultra-cautious late last year, they still made major commitments to select stocks, underscoring their confidence in the companies.
Research firm Morningstar, which tracks the portfolio changes of 26 top-performing mutual funds for its "Ultimate Stock-Pickers" series, published a list of 10 stocks those managers bought, either to establish a new position or to add to an existing one.
The stock pickers' choices were eclectic and, in one instance, surprising. The managers at the Fairfax Financial Holdings Fund(FRFHF) made a big addition to a conservative choice, the respected but underperforming health-care-products company Johnson & Johnson(JNJ) . At the same time, it added to its stake in the troubled Canadian mobile-device maker Research In Motion(RIMM) .
The Yacktman Fund(YACKX) also bought Research In Motion shares, adding to its stake by more than 60% in the fourth quarter.