According to Goldman Sachs strategists' Hedge Fund Trend Monitor, Microsoft (MSFT) has replaced Amazon (AMZN) as the new favorite bet of hedge funds and is their most popular holding. Hedge funds are very positive about Microsoft and have upped their holdings of the stock by 33.7 million shares in the last quarter. The investment bank's Hedge Fund Trend Monitor indicated that in an analysis of 786 firms, 82 firms have Microsoft among their top 10 holdings. On the other hand, Amazon was a top pick 79 times. Other top picks for hedge funds were Alphabet (GOOGL), Uber (UBER), and Netflix (NFLX).
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Alphabet (NASDAQ:GOOGL)
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