Microsoft has regained its position as the most popular stock among hedge funds, surpassing Amazon, which briefly held the top spot in the second quarter.
This is a significant comeback for Microsoft, which had been the dominant stock for over two years before Amazon's temporary rise. Recent investments in Microsoft by notable firms such as Point72 Asset Management, MKP Capital Management, and Brevan Howard Capital Management have contributed to its renewed popularity.
The preference for Microsoft by hedge funds highlights the ongoing competition between major tech companies in the financial markets.