Top 4 Long Term Tech Companies

Quarter results are out and some major hedge funds have made some very loud noise.  Apple $AAPL was the hedge funds’ number one pick during 2011 and 2012. Although, during the second quarter of this year was replaced by tech mammoth and rival Google $GOOG. Google failed to hang on at the top and was replaced in the 3rd quarter by General Motors $GM. Although Google is still the most popular among tech stocks. According to Marketwatch.com 139 hedge funds that they monitor held long stakes in Google at the end of the third quarter. However, in that same quarter 20 funds sold their long term stakes. Their largest holder at the end of Q2, Stephen Mandels Lone Pine Capital, clipped its holdings by about 57%, says InsiderMonkey.com. Locking down the number 2 spot among tech companies is Apple. In light of their recent deal with China Mobile, it made a strong run, up 7% this period with Hedge funds after a bumpy Q2. David Einhorn’s Green Capital strengthened their position, now holding 1 billion in stock. Microsoft Corporation $MSFT comes in 3rd on this list with 104 hedge funds revealing a long position at the end of Q3. Jeffrey Ubben ‘s ValueAct Capital, added 9 million shares this period running their total to 66,865,530 shares. Facebook $FB the worlds favorite social media website, rounds out the top 4. Out of all the companies MarketWatch follows, $FB had the largest amount of new players. 48 hedge funds bought into Facebook during Q2, bringing their total to 96, exactly doubled. Coatue Management now has its fourth-largest position in Facebook, buying a total of 9.24 million shares according to NASDAQ.com.

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