FactSet is out with its quarterly report on what stocks the 50 largest hedge funds are holding.
FactSet notes that these hedge funds increased their equity exposure by 1.9% in the first quarter, and increased their exposure to the most widely held names by 7.5%.
Apple, while still being the second-most widely held stock among large hedge funds, was the largest sale for four of the fifty funds, and is the biggest equity position for three funds at the end of the first quarter, down from six in the fourth quarter of 2013.
Exposure to Verizon was increased 328%, or $2.9 billion, in the first quarter, and eBay also saw a huge increase in ownership, growing 109%, or $2.1 billion.
FactSet ranks the holdings by the aggregate amount of stock held, in millions of dollars, by the 50 largest hedge funds.
Here we present the 49 most widely held stocks from the 50 largest hedge funds.
49. T-Mobile US is held by 15 funds
Sector: Telecommunication Services
Market value held by funds (in millions): $2,253
Weight of stock in Top 50's aggregated portfolio: 0.3%
% of shares outstanding: 8.5%
Recent news: T-Mobile has long been discussed as an acquisition target for Sprint, though reports have indicated that U.S. regulators are reluctant to approve a deal between the no. 3 and no. 4 wireless carriers. In the first quarter, T-Mobile reported 2.4 million total net customer additions.
Source: FactSet
48. McGraw Hill Financial is held by 17 funds
Sector: Financials
Market value held by funds (in millions): $2,263
Weight of stock in Top 50's aggregated portfolio: 0.3%
% of shares outstanding: 10.8%
Recent news: McGraw Hill, which owns brands including Standard & Poor's Ratings Services and J.D. Power, reported first quarter revenues grew 5% to $1.24 billion.
Source: FactSet
47. Federal-Mogul Holdings is held by 7 funds
Sector: Consumer Discretionary
Market value held by funds (in millions): $2,280
Weight of stock in Top 50's aggregated portfolio: 0.3%
% of shares outstanding: 81.2%
Recent news: Federal-Mogul is an Icahn Associates portfolio company, and in April the company completed the implementation of a new holding company structure.
Source: FactSet
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