Tags: hedge | funds | Apple | Google

Apple, Google Lead List of Most Popular Stocks for Hedge Funds

Wednesday, 21 Nov 2012 08:31 AM

By Dan Weil

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Apple, Google and American International Group were the most popular stocks as of Sept. 30 among hedge funds and other prominent investors tracked by the finance website Insider Monkey.

The site gets its data from 13F filings from institutional money managers to the Securities and Exchange Commission. Insider Monkey published a list on MarketWatch.com of the 10 most popular stocks for these investors.

1. Apple. The number of holders totaled 146 on Sept. 30, down one from June 30. Highbridge Capital Management and Third Point were among the big-name buyers in the third quarter.

Editor's Note: See the Disturbing Charts: 50% Unemployment, 90% Stock Market Crash, 100% Inflation

2. Google. Its investor base rose to 132 from 118. Platinum Asset Management and Tiger Global Management added shares.

3. American International Group. By the end of the third quarter, 110 investors held it, with 50 of them initiating their position during the period. Omega Advisors and George Soros purchased it.

4. Microsoft. The number of Microsoft investors dipped to 96. The company represents Bridgewater Associates’ largest corporate holding.

The final six stocks are Citigroup, General Motors, Bank of America, JPMorgan Chase, Wells Fargo and Qualcomm.

It’s not known how the investors have fared since the end of the third quarter. But hedge funds overall lost 1.9 percent in October, thanks to a decline in global stocks, according to Bloomberg.

“There were plenty of headwinds out there,” Charles Mires of Franklin Street Partners tells the news service. “The S&P [500] was down.” The index slid 1.8 percent in October.

Editor's Note: See the Disturbing Charts: 50% Unemployment, 90% Stock Market Crash, 100% Inflation

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