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Apple displaced by AIG as top hedge fund pick, falls to No. 3 spot

post #1 of 14
Thread Starter 
After being the number one hedge fund pick for three years in a row, AAPL has been replaced by insurance giant AIG, says Goldman Sachs, with the Cupertino, Calif., company dropping to third place.

According to data from the Goldman Sachs equity strategy team, at the end of the fourth quarter of 2012, Apple was a top-10 holding of 67 hedge funds, down from 109 funds in the quarter previous. By comparison, current number one AIG was held by 117 funds, of which 80 positioned the stock as a top-10 holding, reports Business Insider.



Also moving past Apple on the list was Google, with 73 funds positioning the stock as a top-10 holding. Rounding out the top five most popular stocks for hedge funds were Citigroup and oil producer Nexen, the positions of which were top-10 holdings for 40 funds and 37 funds, respectively.

In its hedge fund VIP list, the investment bank ranks stocks in which "fundamentally-driven hedge funds" have a large stake:

We define stocks that ?matter most? to hedge funds as the positions that appear most frequently among the top ten holdings within hedge fund portfolios. For this analysis, we limit our universe to hedge funds with 10 to 200 distinct equity positions in an attempt to isolate fundamentally-driven investors from quantitative funds or funds that mirror private equity investments.


AIG is currently sitting at $37.57 ahead of its earnings report set for release after trading ends on Thursday.
post #2 of 14

As if this will matter when Apple becomes #1 later this year.

An Apple man since 1977
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An Apple man since 1977
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post #3 of 14

Wow just wowow, so Hedge funds want to invest in a company that already failed but taxpayers bailed out.

 

Best investment ever, if the management fccksup, the government and taxpayers will refund your money?

 

 

Of course hedge funds want to invest in a company that can print their own money rather than a company that makes physical products.  

 

Ever heard of the 500 Trillion dollar derivative market?

 

Did any AI writer read about Henry Blodget's criminal past for pumping and dumping tech stocks. Business Insider is his new pump and dump scam but it is legal, since he is banned as a stock trader. 

post #4 of 14

Who gives a shit? 

post #5 of 14
Man! Google went flying by Apple. Steve Jobs must be spinning like an armature in his grave seeing how Android has become the world's choice mobile OS. Google is just pounding the crap out of Apple in shareholder value. I tell ya, Apple needs to get into search engines. Why let Google get all the free gravy without nary a challenge?
post #6 of 14

A roadmap for how Apple can get to number one again.

 

Sell all the iTunes customer information to advertisers, spend huge amounts bribing lobbying legislators so they can freely get away with it with little or no repercussions.

 

Waste shareholder money developing flying cars, an AR monocle, tidal power generation, data centres in the Antarctic and other attention grabbing projects.

 

Change their motto to "Do no evil" then blatantly ignore it.

 

Pay a few thousand Indians to post scripted statements and arguments of absolute denial in support of the "not doing evil" position, no matter what.

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post #7 of 14
Quote:
Originally Posted by Constable Odo View Post

Man! Google went flying by Apple. Steve Jobs must be spinning like an armature in his grave seeing how Android has become the world's choice mobile OS. Google is just pounding the crap out of Apple in shareholder value. I tell ya, Apple needs to get into search engines. Why let Google get all the free gravy without nary a challenge?

The google bubble will burst.  Same with Amazon.  In fact I think the whole market is in an inflationary bubble which will burst sooner rather than later.

post #8 of 14

Its just more stock market manipulation......

Tallest Skil:


"Eventually Google will have their Afghanistan with Oracle and collapse"

"The future is Apple, Google, and a third company that hasn't yet been created."


 


 

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Tallest Skil:


"Eventually Google will have their Afghanistan with Oracle and collapse"

"The future is Apple, Google, and a third company that hasn't yet been created."


 


 

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post #9 of 14
Quote:
Originally Posted by geekdad View Post

Its just more stock market manipulation......

Can not agree more, was the first thought that came to my mind. 

 

Look out AIG, your stock is going to get slammed all over the place.

post #10 of 14

Good. I would't mind if Apple fell off the hedge fund radar screen altogether.

post #11 of 14
Quote:
Originally Posted by Rogifan View Post

The google bubble will burst.  Same with Amazon.  In fact I think the whole market is in an inflationary bubble which will burst sooner rather than later.


Sure, you are right, it will burst. But you see, it appears that Apple bubble already burst!

post #12 of 14

So APPLE needs to get a United States taxpayer bailout STAT!

post #13 of 14
Easy answer: AIG's market cap? 54.98 B.

Apple can by them out of petty cash.
post #14 of 14
The fact hedge funds are abandoning - freeing - Apple is a great thing for Apple. They have been the cause of all market uncertainty during the latest years.
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