Hedgies and Insiders Are Crazy About This Tech ‘Fab Five’ – Apple Inc. (AAPL), Adobe Systems Incorporated (ADBE)

Tripadvisor Inc (NASDAQ:TRIP), meanwhile, sits at the third spot on our list, with heavy interest from notable money managers like Stephen Mandel, Christian Leone and Steven Cohen (check out Cohen’s top stock picks). Liberty Interactive (NASDAQ:LINTA), which is classified as a Large Shareholder by the SEC and therefore technically an “insider,” purchased nearly $300 million worth of Tripadvisor’s stock last December and now holds a controlling interest in the company. Shares of the online travel site have already risen 20.6% since this transaction.

Next up we have Salesforce.com, Inc. (NYSE:CRM), which is a favorite of Ken Griffin, Jim Simons and George Soros (see Soros’ top stock picks), among other hedge fund managers. Since Director Alan Hassenfeld bought shares of the enterprise solutions company in mid-December, its stock price has risen 2.3%. Salesforce has beaten the Street’s top and bottom line estimates in the first three quarters of its 2013 fiscal year; we’ll be waiting for its Q4 results later this month. The company is also seeking shareholders’ approval of a 4-for-1 split, which is generally viewed as a bullish move.

Adobe Systems Incorporated (NASDAQ:ADBE) is fifth on our list, and about 8% of the hedge funds we track hold interest. Some of the biggest supporters of this software company include D.E. Shaw and Bill Miller (see Miller and Legg Mason Capital’s full holdings), and shares are up 1.1% since Director Amy Banse bought close to $200,000 worth of the stock last month. Sentiment surrounding the application software sub-industry is mixed, but with a book value that’s at a 35% discount to its peer average, it’s difficult to ignore Adobe.

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Disclosure: I have no positions in any of the stocks mentioned above