Friday, November 25, 2011

Hedge funds’ 10 most popular stocks

According to Ms. Krishnamsetty, editor and co-founder of Insider Monkey, a finance website that provides free insider trading and hedge-fund stock-holdings data, here are the 10 most popular stocks among hedge funds at the end of September:

1. Apple AAPL +0.29% More hedge funds - in fact, 103- owned Apple than any other stock at the end of last quarter. Apple was also the most popular stock at the end of 2010. It was the third most popular stock at the end of the first quarter and it passed Citigroup and Microsoft to reclaim the top spot at the end of June. Billionaires Ken Griffin and David E. Shaw had the largest positions in Apple at the end of third quarter among the nearly 300 hedge funds we analyzed. Griffin bet around $3 billion on stock and call options.

2. Google GOOG +0.27% Seventy nine hedge funds had Google in their portfolios at the end of Q3. This is the first time this year Google is this popular among hedge funds. Billionaire Tom Steyer , Jeffrey Tannenbaum , Alan Fournier , and Curtis Macnguyen are among the hedge fund managers who initiated brand new positions in Google during the third quarter.

3. Microsoft MSFT +0.33% Microsoft slipped one spot to number three during the third quarter. Seventy six hedge funds are bullish about Microsoft. Value investors Boykin Curry , David Einhorn , and Seth Klarman have large positions in MSFT….

Find out more at http://www.marketwatch.com/story/hate-financials-hedge-funds-love-em-2011-11-25?link=MW_latest_news

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