Funds That Hold Top 5 Large-Caps

Each business day, 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 Wednesday, Jan. 23.

Public Service Enterprise Group(PEG Quote):

(IIFIX Quote)Franklin Income Fund allocated about 5.3% of its total portfolio as of Sept. 30, according to Thomson Financial

(PGUAX Quote)Phoenix Global Utilities allocated about 3.9% of its total portfolio as of Sept. 30, according to Thomson Financial.

Constellation Energy(CEG Quote):

(FUGAX Quote)Fidelity Advisor Utilities allocated 6.7% of its total portfolio as of Oct. 31, according to Thomson Financial.

(ICTUX Quote)ICON Telecommunications & Utilities allocated 5.6% of its total portfolio as of Nov. 30, according to Thomson Financial.

Praxair(PX Quote):

(FSCHX Quote)Fidelity Select Chemicals allocated 8.7% of its total portfolio as of Oct. 31, according to Thomson Financial.

(LEXCX Quote)ING Corporate Leaders allocated about 7.2% of its total portfolio as of Sept. 30, according to Thomson Financial.

FPL Group(FPL Quote):

(COPLX Quote)Copley allocated 7.6% of its total portfolio as of August 31, according to Thomson Financial.

(CSUAX Quote)Cohen & Steers Utility allocated about 4.2% of its total portfolio as of Sept. 30, according to Thomson Financial.

Hewlett-Packard(HPQ Quote):

(AMRGX Quote)American Growth Fund allocated 32.7% of its total portfolio as of Oct. 31, according to Thomson Financial. This was its largest single holding at the time.

(FDCPX Quote)Fidelity Select Computers allocated 8.5% of its total portfolio as of Oct. 31, according to Thomson Financial.

For a description of the top five large caps and an explanation of their ratings, click here.

Our quantitative rating is based on a variety of historical fundamental and pricing data and represents our opinion of a stock's risk-adjusted performance relative to other stocks.

However, the rating does not incorporate all of the factors that can alter a stock's performance. For example, it doesn't always factor in recent corporate or industry events that could impact the stock price, nor does it include recent technology developments and competitive dynamics that may affect the company.

For those reasons, we believe a rating alone cannot tell the whole story, and should be part of an investor's overall research.