Apple Snubbed by Hedge Funds

February 26, 2018 James Heinsman Hedge Fund News

Apple’s headquarters at Infinite Loop in Cupertino, California, USA. Courtesy of the author, Joe Ravi, using license CC-BY-SA 3.0.

According to an assessment of hedge fund holdings compiled by Goldman Sachs, Apple Inc, is the only “big five” tech company that is not also a “top five” stock holding among hedge fund investors.

The five most-owned companies by hedge funds are Time-Warner, Amazon, Facebook, Alphabet and Microsoft. The publication lists the 50 stocks that appear most often among the top ten holdings of basic hedge funds.

Apple turns out to be the eleventh most popular holding on the list as a top ten holding in 34 funds. Amazon is a top-ten holding in 80 funds, Facebook is a top ten in 70 funds, Alphabet in 54 funds, and Microsoft in 52 funds. However, this list of so-called VIP stocks does not consider the S&P 500, where Apples huge market capitalization towers over other companies.

Several other tech companies made it to the list for the first time, including supplier for Apple, Qualcomm, JD, Booking Holdings, and Activision Blizzard. The tech sector is the most popular on the GS list, with 24%, despite the fact that funds have been selling off their tech positions in favor of biotech and pharma stocks.

Activision Blizzard, Alphabet, Amazon, Apple Inc., Facebook,

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