Hedge fund trades have just been revealed for the last quarter, with the release of 13F forms filed with the SEC. Based on the latest trades of top hedge funds, Goldman Sachs has compiled a list of 50 “Hedge Fund VIP Stocks”. These are the stocks that appear most often in the top 10 holdings of over 800 fundamentally-driven hedge funds in the December quarter.

The best part about this list: these stocks are easily outperforming the market. “Our Hedge Fund VIP basket of most popular long positions has returned 4% YTD [through Feb. 20], outperforming the S&P 500 during the recent correction in contrast to its typical drawdown behavior,” says Goldman strategist Ben Snider. In the same time period, the S&P 500 returned only 2%.

Follow top hedge funds all year round

At TipRanks we let investors track the ‘Smart Money’ all year round. From our database of over 5,000 stocks, TipRanks’ powerful stock screener lets investors pinpoint top stocks that match their investment criteria. The screener includes multiple filters, like positive hedge fund signal and Strong Buy best analyst consensus.

Bearing that in mind, let’s now take a closer look at Goldman Sachs’ top 5 hedge fund VIP stocks. Using our big data analytics, we can also track the stock’s overall outlook from the Street. This gives us a better idea of whether these stocks make compelling investment opportunities:

1: Amazon (AMZN)

Total returns year-to-date: 29%, no. of funds with stock in top 10 holdings: 80

The No.1 e-commerce stock, AMZN has a Strong Buy analyst consensus and upside potential of over 10%. RBC Capital’s Mark Mahaney says ‘everything is clicking’ for Amazon right now. He sees multiple new revenue growth opportunities for Amazon from its AWS cloud service to further international expansion. The conclusion: “AMZN’s growth outlook is arguably the strongest out of all the major ‘net platforms.” Mahaney ramped up his price target from $1,200 to $1,700 on February 2. You can click on the screenshot below for further insights.