Three Stocks That Billionaires Love

Our database shows that Apple (AAPL), which has long been one of the most popular stocks among hedge funds, was only the fourth most popular stock at the end of June among billionaire hedge-fund managers. So far this year, a number of funds have been dumping Apple, even as the company slowly moves toward a more generous cash-return strategy.

For example, in the second quarter of 2013, Tiger Global, which includes billionaire Tiger Cub Chase Coleman among its managers, dumped its entire position of 260,000 shares in Apple. Instead, billionaires are piling into a large bank, a consumer stock and a tech rival, and their most widely owned pick has a market cap of only about 11% of Apple's. Here's why we believe billionaires love these three stocks....677 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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