10 February 2023Commodities giants Glencore and BP were among the most bought companies by UK fund managers in 2022 but investors soured on Shell. Here, Trustnet looks at the most stocks most added to and removed from the top 10 positions of UK All Company fund managers. At the start of 2022 it appeared as a top holding in 8.3% of UK All Companies funds, but this jumped to 17.3% by the end of December. UK managers also increased allocations to British American Tobacco (BAT) in 2023, with top 10 positions rising from 15.3% to 19.3% throughout the course of the year. Source: FE AnalyticsUK managers also cut their top 10 positions in supermarket chain Tesco by 2.7 percentage points to 1.7%.
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