Hedge Funds’ New Crowded Trade

Facebook has lost its title as the most popular stock among hedgies.

Mark Kauzlarich/Bloomberg

Mark Kauzlarich/Bloomberg

Microsoft has dethroned Facebook as the most popular stock among hedge funds.

A total of 290 hedge funds held positions in the technology giant as of the end of September, according to an analysis of the latest quarterly 13F filings by Novus Partners, a portfolio analytics provider.

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