Hedge Funds Pulled Back From These Five Popular Stocks

Out of the twelve most popular hedge fund picks, five companies appear to be losing favor.

(David Paul Morris/Bloomberg)

(David Paul Morris/Bloomberg)

Hedge funds have lessened their conviction for several of their otherwise favorite stocks.

In the second quarter, hedge funds mostly continued to embrace the same stocks they congregated in during the previous quarter, but at least five popular companies lost significant amounts of hedge fund investment.

The

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