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Amazon.com 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.

Amazon.com 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

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