Pharmaceuticals company, Actavis plc (NYSE:ACT) came from behind in the historical back and forth between Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG), and became the top hedge fund holding in the second quarter, according to Goldman Sachs’ quarterly hedge fund trend monitor. The quarterly report publishes a list of the 50 stocks that appear most frequently in the top ten holdings of hedge funds. After underperforming the return on S&P 500 in 1Q2014, the VIP list was back up by 266 bps YTD as of August 18. Hedge funds: Healthcare jumps up in ranks Technology names have held the top spots…
Hedge Funds Snap Up Actavis, Facebook, Allergan In Q2
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.