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…..
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