Google (GOOG +0.5%) has passed Apple (AAPL +0.3%) as the biggest holding among the top 50 actively-managed U.S. mutual funds, according to a Citi report. Google is also now the top holding among hedge funds - a slew of major hedge funds either pared back or fully unwound their Apple positions in Q4. After backing out net cash/investments, Google now trades at 15.5x 2013E EPS, and Apple at just 6.3x FY13E EPS.
Google (GOOG +0.5%) has passed Apple (AAPL +0.3%) as the biggest holding among the top 50...
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Symbol | Last Price | % Chg |
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GOOG | - | - |
Alphabet Inc. |