New York (HedgeCo.Net) – Novus recently released a quarterly report showing how and where some of the top hedge fund managers were invested in the first quarter. A review of the report revealed which stocks were the favorites within each of the ten main sectors as well as the favorites overall. Some of the names on the list were a little surprising.

(Sector) (Stock ) (# of Funds that Own)
• Consumer Discretionary- Walt Disney (NYSE: DIS) 129
• Consumer Staples- Procter & Gamble (NYSE: PG) 141
• Energy Exxon Mobil (NYSE: XOM) 149
• Financials JP Morgan (NYSE: JPM) 152
• Healthcare Actavis PLC (NYSE: ACT) 171
• Industrials General Electric (NYSE: GE) 139
• Information Technology- Apple (Nasdaq: AAPL) 251
• Materials DuPont (NYSE: DD) 86
• Telecom Verizon (NYSE: VZ) 113
• Utilities Nextera Energy (NYSE: NEE) 76

The same report showed that the most popular sectors during the first quarter in terms of assets allocated to them were consumer discretionary, financials and information technology.

Rick Pendergraft
Research Analyst
HedgeCoVest