Bill Miller and Legg Mason Sticking with Apple Inc. (AAPL), Bullish on McDonald’s Corporation (MCD)

On the whole, of the 450 hedge funds we track, McDonald’s was also the most loved company in the restaurant industry, with 47 funds reporting long positions. Ford, meanwhile, was the hedge fund industry’s second favorite auto manufacturer with support from 58 funds, second to General Motors’s whopping total of 98.

Both of these companies operate in generally bullish macroeconomic environments; offer double-digit EPS growth potential at a fairly reasonable price, and the proverbial cherry is that each pays a dividend yield in excess of 3.2%. It’s obvious that Miller and Legg Mason love these types of stocks—that appeal to a broad investor base—and it’s difficult to argue with their sentiment.

Chevron Corporation (NYSE:CVX), lastly, rounds out this top five, and represents a similar high-income, low-valuation play as the rest of its aforementioned portfolio peers. Analysts’ average price target on the integrated oil and gas behemoth indicates that 9-10% upside is expected, and shares have already cracked the double-digit return mark over the past three months. Ken Fisher, D.E. Shaw and Ray Dalio (see Dalio and Bridgewater’s full equity portfolio) were all upping their stakes in Chevron last quarter, and it’s difficult to argue with this consensus.