In a recent article published on WSJ, most hedge funds are flat for this year whereas S&P 500 is up by 2% as reported by Goldman Sachs that analyzed the performance of 777 hedge funds with $1.9 trillion under management. However, Goldman Sachs reported that individual mom and pop investors still like to see where the smart money is flowing before they make their investment decisions. So these individual investors give importance to the stocks the hedge funds are buying and selling. Google (GOOGL) was the most widely held stock by the hedge funds. This was followed by Apple (AAPL) and General Motors (GM). You can read the rest of the WSJ article-Goldman Sachs: Here Are 50 Stocks Most Loved by Hedge Funds.
