From Valuewalk: Apple Inc. is the most popular stock owned by hedge funds, regardless of the size of the position during the fourth quarter of 2012, according to a report released by analysts at Bank of America Merrill Lynch (BAML).
American International Group and Google ranked second and third, respectively. Based on the report, 231 hedge funds held the stock of the iPhone maker, 216 hedge funds owned the shares of the insurance giant while 202 hedge funds held the insurance giant during the period.
BAML’s conclusion is slightly different from Goldman Sachs’ report on top hedge fund holdings, as well as Citigroup’s. The reason for the discrepancy is that all three firms use slightly different methodologies. The conclusion is still similar with all three research firms noting that AIG, Google and Apple Inc. (are the top three most popular hedge fund stocks.