From MarketWatch: At Insider Monkey, we track 450 hedge funds, and our research has shown that retail investors can be rewarded by following the smart money…. Four times a year, we rank hedge funds' top consensus picks, and Apple AAPL -1.38% has been the most popular stock among hedge funds for a very long time. Times changed and the balance of power has shifted. The latest filings show that hedge funds are dumping their top tech picks in favor of financials, particularly those trading at steep discounts to book.
Still, it is a mild surprise to see who's the new No. 1. With 142 hedge funds holding long positions in the latest round of 13F filings from the SEC, American International Group AIG -2.19% takes this crown, and the back half of 2012 was truly a comeback story. Hedgies' interest in the insurer spiked by 80% in Q3 and after 21 of the funds we track bought shares in Q4, 142 are now bullish on AIG…..