Hedge Fund News From HedgeCo.Net

Hedge Funds Make Apple Top Pick as Main Street Sticks with Google

TheStreet – Hedge funds have made Apple (AAPL_) their top stock holding, surpassing Priceline (PCLN_), and Google (GOOG_) remains the top holding among mutual funds.

Apple narrowly beat out Priceline and iPhone supplier Qualcomm (QCOM_) for first place among hedge fund holdings, as of second-quarter data, according to a Monday analysis be Citigroup equity strategists. Google, meanwhile, retained its leading position among the 50-biggest actively managed mutual funds, the report said.

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