Funds That Hold Top Five Value Stocks

Each weekday, TheStreet.com Ratings compiles a list of the top five stocks in five categories -- fast-growth, all-around value, large-cap, mid-cap and small-cap -- and publishes these lists in the Ratings section of our Web site.

For investors who prefer the diversification offered by mutual funds to owning individual stocks, here are some of the biggest holders of the companies that were on our list as of Tuesday, Oct. 2.

L-3 Communications Holdings(LLL Quote):

(SHRAX Quote)Legg Mason Partners Aggressive Growth had 2.52% of the company's shares outstanding as of Feb. 28, according to Thomson Financial. This represented 2.78% of the fund's portfolio.

Parker-Hannifin(PH Quote):

The (PGRWX Quote) Putnam Fund for Growth & Income allocated 1.03% of assets as of June 30, according to Putnam's Web site.

American Funds' (ANCFX Quote)Fundamental Investors Funds allocated 0.52% of assets to the stock as of June 30, according to the American Funds' Web site. It held 2.5 million shares.

Petrobras-Petroleo Brasileiro(PBR Quote):

(PRLAX Quote)T. Rowe Price Latin America fund allocated 3.99% of assets to the stock as of March 31, according to Thomson Financial.

The iShares S&P Latin America 40 Index Fund(ILF Quote) allocated 4.47% of assets as of March 31, according to Thomson.

Hess(HES Quote):

(TRMCX Quote) T. Rowe Price Mid-Cap Value allocated 1.24% of assets to the stock as of March 31.

(MEIAX Quote)MFS Value allocated 1.21% of assets as of Aug. 31, according to MFS' Web site.

Northrop Grumman(NOC Quote):

American Funds(symbol Quote)Washington Mutual Investors Fund held 13.5 million shares on June 30, which was 1.18% of its total assets, according to the fund's Web site.