Becomes the Most Popular Hedge Fund Stock

Microsoft slipped to second place, while Visa also moved up, according to Novus’ rankings.

(Andrew Harrer/Bloomberg)

(Andrew Harrer/Bloomberg) has become the most popular hedge fund stock for the first time since going public in 1997.

A total of 357 hedge funds held a position in the e-commerce pioneer at the end of March, more than any other stock, according to Novus, a portfolio intelligence platform for institutional investors that compiles perhaps the most comprehensive database of hedge fund stock ownership.


To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.