He suggests looking at whether funds are accumulating shares on a quarterly basis. Sifting through quarterly earnings reports to determine which companies have future potential is a daunting task if you're just one person.
But looking at mainstream stocks isn't the only way to gain an edge on the broader stock market or to try and determine what Wall Street favors at any moment. Large funds and other institutional investors have the capacity to move a stock's price higher when they buy. But high institutional ownership is only one part of the equation, said Wilton Risenhoover, the CEO and founder of Fintel. He suggests that investors also track whether funds are adding shares to their portfolios or if new funds are buying a stock, and then weighing those data points.
For example, Shoals Technologies Group Inc. , a solar-energy company, saw six additional funds add its stock to their portfolios in the first quarter of 2023. But it also saw a 41% increase in the number of shares held by funds, which points to more bullish sentiment.
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