Here are the biggest stock-market bets among institutional and retail investors, ranked

There’s a pretty big gulf between how professional investors manage money and the bets made by average people. Like many things, it may have been amplified by the upside-down nature of markets and the economy in the wake of the coronavirus shock — or not.

The chart above shows the top five most widely-held stocks by each class of investor; a fuller table, showing the top ten, is below.

There are some fairly clear themes. Retail investors are either betting that air travel is going to come back, in a big way, or they're simply picking the stocks that have lost the most value, by some metric, during the global lockdown. Institutional investors, in contrast, are betting on electronic back-office products, particularly payments.