10 Most Popular Stocks Among Hedge Funds – Q2 2013: Google Inc (GOOG), Apple Inc. (AAPL), Citigroup Inc (C) & More

There are a lot of people that think hedge fund filings are delayed and hedge funds can’t even beat the market. They say tracking hedge funds is useless.  Guess what? Our small-cap hedge fund strategy returned 55.6% over the last 11 months and beat the S&P 500 index by 33 percentage points. We know how to interpret these filings. Don’t let their ignorance stop you from achiving superior stock returns.

GREENLIGHT CAPITALAt Insider Monkey, we follow 525 of the hedge fund industry’s 8,000 plus managers, and many members of this top tier are guys you’ve heard of, like Warren Buffett and David Einhorn. Others, like T. Boone Pickens (energy) or Larry Robbins (healthcare), are experts in their respective niches.

With that being said, one of the most important ways to parse aggregate hedge fund data is to track the number of elite hedge funds invested in each U.S. listed stock. Think of this as a type of “consensus hedge fund sentiment,” where only the most accomplished fund managers have a vote.

Last quarter, Apple Inc. (NASDAQ:AAPL) was the No. 1 stock pick among hedge funds. In Q2 2013, things have changed a bit. Let’s take a look:

1. Google Inc (NASDAQ:GOOG): 157 hedge funds, a 9-fund increase from the first quarter.

2. American International Group Inc (NYSE:AIG): 137 hedge funds, a 9-fund decrease from Q1.

3. Apple Inc. (NASDAQ:AAPL): 122 hedge funds. This is a whopping 26-fund drop from the total number of “hedgies” invested at the end of Q1. George Soros still has a position in Apple, among other big names.

4. General Motors Company (NYSE:GM): 121 hedge funds, an increase of 11 funds from the first quarter. David Einhorn still has a massive position in the stock, and in his Q2 2013 shareholder letter, he mentioned that Greenlight Capital expects “a period of rapid earnings acceleration” to begin in the back-half of this year.

5. Citigroup Inc (NYSE:C): 119 hedge funds, an increase of 1 fund over the quarter.

6. JPMorgan Chase & Co (NYSE:JPM): 92 hedge funds, a slight drop of 2 funds.

7. Microsoft Corporation (NASDAQ:MSFT): 92 hedge funds, an increase of 3.

8. Visa Inc (NYSE:V): 90 hedge funds, up from 88 in Q1. Warren Buffett has a position here.

9. QUALCOMM, Inc. (NASDAQ:QCOM): 88 hedge funds, down from 96 in the previous quarter.

10. Hertz Global Holdings, Inc. (NYSE:HTZ): 83 hedge funds, a 15-fund increase from Q1.

Learn more about Insider Monkey’s market-beating newsletter here.

Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!