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

Posted:
in AAPL Investors edited January 2014
After being the number one hedge fund pick for three years in a row, AAPL has been replaced by insurance giant AIG, says Goldman Sachs, with the Cupertino, Calif., company dropping to third place.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.

Comments

  • Reply 1 of 13
    tylerk36tylerk36 Posts: 1,037member


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

  • Reply 2 of 13


    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. 

  • Reply 3 of 13
    slurpyslurpy Posts: 5,382member


    Who gives a shit? 

  • Reply 4 of 13
    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?
  • Reply 5 of 13
    hill60hill60 Posts: 6,992member


    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.

  • Reply 6 of 13
    rogifanrogifan Posts: 10,669member

    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.

  • Reply 7 of 13
    geekdadgeekdad Posts: 1,131member


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

  • Reply 8 of 13
    maestro64maestro64 Posts: 5,043member

    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.

  • Reply 9 of 13


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

  • Reply 10 of 13

    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!

  • Reply 11 of 13
    jfc1138jfc1138 Posts: 3,090member


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

  • Reply 12 of 13
    jfc1138jfc1138 Posts: 3,090member
    Easy answer: AIG's market cap? 54.98 B.

    Apple can by them out of petty cash.
  • Reply 13 of 13
    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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