$10.5 billion market cap data center services company Equinix Inc (NASDAQ:EQIX) rose into sixth place in terms of popularity among tech stocks, being owned by 71 funds. Billionaire John Paulson’s hedge fund was one major shareholder in Equinix Inc (NASDAQ:EQIX) (see more stocks Paulson likes).
Also rising in prominence a bit as several hedge funds took new positions- despite low profitability- was Amazon.com, Inc. (NASDAQ:AMZN). SAC Capital Advisors, managed by billionaire Steve Cohen, more than tripled its holdings of Amazon.com, Inc. (NASDAQ:AMZN) to a little over 880,000 shares (here are more stocks SAC owns).
69 hedge funds and other notable investors disclosed ownership of shares of enterprise software company Oracle Corporation (NASDAQ:ORCL). Oracle Corporation (NASDAQ:ORCL) has been one of the top picks of Eagle Capital Management, and that fund owns close to $1 billion worth of the stock after having been a buyer in the first quarter of 2013.
A few hedge funds closed their positions in Priceline.com Inc (NASDAQ:PCLN) but it still managed to make our list as the ninth most popular tech stock. Priceline.com Inc (NASDAQ:PCLN) is a favorite among Tiger Cub funds; their mentor, billionaire Julian Robertson, counted it as one of his picks as well (find more stock picks from Julian Robertson).
Coming in 10th on our list of the most popular tech stocks among hedge funds was Yahoo! Inc. (NASDAQ:YHOO). Billionaire Dan Loeb, manager of Third Point, has taken on a major activist role at the company, helping replace its CEO; that fund owned 62 million shares at the end of March (check out what else it owned).
Disclosure: I own no shares of any stocks mentioned in this article.