Is (Still) the Most Popular Hedge Fund Stock

The e-commerce giant remained a favorite of hedge funds, along with Microsoft, Facebook, and Google, according to data tracker Novus.

(Alex Kraus/Bloomberg)

(Alex Kraus/Bloomberg) remained the most widely held stock among hedge funds in the second quarter for the second straight period, according to Novus, a portfolio intelligence platform for institutional investors that compiles a comprehensive database of hedge fund stock ownership.

In a separate report, Goldman Sachs reported that 124 hedge funds counted Amazon among their top-ten holdings — much more than any other stock.

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