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Goldman finds one stock conspicuously absent from hedge fund favourites

The bank's VIP list of hedge funds' top holdings is heavy on tech stocks, but one giant in the sector is missing

Goldman finds one stock conspicuously absent from hedge fund favourites

It is the most valuable company in the world with a market cap nearing $1tn, its stock soared more than 50% in 2017 and it turned in blockbuster earnings for its fiscal fourth quarter. But that still was not impressive enough for some hedge funds, MarketWatch reports.

Apple, for all its brand power and the x-factor of its iPhones, failed to make the top five stocks popular with hedge funds, according to Goldman Sachs, in a report Wednesday. It came in at number seven, between Time Warner and Bank of America.

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