Do Hedge Funds Like Cloud Computing Stocks?

2. International Business Machines Corp. (NYSE:IBM)

Investors with Long Positions (as of June 30): 59

Aggregate Value of Investors’ Holdings (as of June 30): $14.82 Billion

Although International Business Machines Corp. (NYSE:IBM) experienced a rise in interest during the second quarter, as only 53 hedge funds had investments in the company at the end of March, the total value of their positions fell from $15.18 billion, despite a 3.34% bump up in the stock price during the June quarter. On a year-to-date basis, the stock is down by nearly 8% and recently hit a new 52-week low. Legendary investor Warren Buffett refuses to give up on the company; his holding company Berkshire Hathaway has the largest stake in International Business Machines Corp. (NYSE:IBM) in our database, an enormous position of 79.57 million shares valued at $12.94 billion.

1. salesforce.com, inc. (NYSE:CRM)

Investors with Long Positions (as of June 30): 68

Aggregate Value of Investors’ Holdings (as of June 30): $1.85 Billion

The hedge fund interest in salesforce.com, inc. (NYSE:CRM) rose significantly from 46 funds with a total investment of $903.06 million at the end of March. Of course, the acquisition rumors played a part in this, but that doesn’t diminish the growth prospects of the company. Apparently Microsoft Corporation (NASDAQ:MSFT) was ready to buy the leader in the CRM space for $55 billion, but that didn’t sit too well with salesforce.com, inc. (NYSE:CRM)’s CEO Marc Benioff, who was looking for a price tag to the tune of $70 billion. salesforce.com, inc. (NYSE:CRM)’s stock is up by nearly 17% so far this year, while the application software industry has posted average gains of nearly 11%, according to Morningstar data. Ken Griffin‘s Citadel Investment Group is the largest stockholder of salesforce.com, inc. (NYSE:CRM) within our database, holding more than 4.84 million shares.

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