Friday, May 17, 2013

Apple is the hedge fund king once again?

Is the glass half full? Depends on what you’re reading.  Case in point - this marketwatch piece. 
For the first quarter of 2013, 148 top-tier hedge funds held shares of the Cupertino-based Apple AAPL +1.34%  in their equity portfolios, the same number that were long at the end of 2012. While the hedge fund industry is over 8,000 funds large in its entirety, we at Insider Monkey track the best of the best: 500 funds in total .

This aggregate vote of confidence comes one day after many members of the media—and investors—reacted prematurely to individual hedge fund managers' 13F filings, which indicate large investors' stock picks on a quarterly basis….

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