Hedge Funds Sour on Apple, Root for AIG

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A newly released Goldman Sachs report shows that AIG (NYSE:AIG) has replaced Apple (NASDAQ:AAPL) as the number one most popular stock among leading hedge fundsCNBC reports.


Google (NASDAQ:GOOG) has come in second, with Apple filling in position number three.

11 percent of hedge funds held Apple as a top 10 position as of December 31st. This is a decrease from 19 percent that held their stock in the previous quarter, according to Barron’s.

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The movement shows that hedge funds seem confident in AIG’s ability to recover well from the economic crisis that could have killed them, were it not for a generous government bailout.

Some analysts are still unsure, though. Stephanie Link, from TheStreet, told CNBC’s Fast Money that she would be a buyer, but not just yet.

“I just don’t like when everyone likes a stock. Number one, expectations are very high. Number two, in terms of cash distribution. Everybody thinks they’re going to announce a buyback, a dividend, whatever that is. They will down the road. They can’t right now – the regulators won’t let them,” she said. Link also noted that she will likely get a better price later on.

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