Stock-picking hedge funds have become more selective on megacap technology stocks after their drastic rallies, according to VerityData.
The research firm identified "fundamental" hedge funds that disclosed 10 to 300 holdings and aggregate holdings of at least $100 million in recent 13F filings.
Microsoft continued to be the most popular stock among those hedge funds, extending its No.1 status to a seventh quarter, according to the data.
Several hedge funds also flocked to Nvidia despite its jaw-dropping advance over the past year, the data said.
Less popular On the flip side, hedge funds dialed back their exposure to Alphabet and Apple last quarter.
Persons:
Tesla, weathers
Organizations:
Microsoft, Nvidia