Pros 80%

Buys shares that are more than 80 percent in professional hands: institutional owners — funds, pension funds, asset managers — plus insiders such as management, founders and major shareholders together hold more than 80 percent, leaving only a small free float in private hands. That is not a quality judgment: for mid-size and larger US companies, high professional ownership is more the norm than a distinction, so the list is most useful in reverse, as a filter against shares professionals avoid. Only shares our own deep-dive analysis rates green are bought — yellow or no analysis at all is not enough. New positions are added once a month; a share is sold as soon as professional ownership is no longer above 80 percent or the share is no longer rated green.

This portfolio buys shares.