CNBC – Hedge funds used to love Apple. Now it’s Google’s turn to be top dog.
Research from Citi Investment Research shows that the search giant took the top holding spot in the top 50 actively managed US mutual funds ending the fourth quarter. Google also claimed top spot in hedge fund holdings. Sixteen of the largest 50 hedge funds held Google as their top holding as of the end of the fourth quarter, up from 15 in the third quarter.