Bloomberg – Apple Inc. was the most-held stock among the top 50 hedge funds in the second quarter, while Wells Fargo & Co. (WFC) and Merck & Co. were the companies most-owned by the biggest equity mutual funds, according to Citigroup Inc.
Cupertino, California-based Apple has held the top position in the hedge-fund category since the third quarter of 2010, Tobias Levkovich, Citigroup’s chief U.S. equity strategist, wrote in a Sept. 6 note. It’s owned by 16 of the 50 largest U.S. hedge funds. Wells Fargo, based in San Francisco, and Whitehouse Station, New Jersey-based Merck were owned by 17 of the largest 50 mutual funds in the three months ended June 30.
