What the Hedge Funds Are Buying

Hedge funds still have kind of a mystique in this country, as they are often perceived to be run by brilliant investors who are able to make calls that stodgy mutual funds cannot replicate.That reputation persists despite the fact that hedge funds are flat on the year so far, while the S&P 500 has returned roughly 2 percent.

But if you're interested in what the hedge funds are doing, Goldman Sachs has analyzed the assets of 777 hedge funds. They determined that the top ten stocks held by these funds are as follows:

1. Google
2. Apple 
3. General Motors
4. AIG
5. Time Warner Cable
6. American Airlines
7. Citigroup
8. Microsoft
9. Hertz
10. Micron Technology