Apple Inc. is by far the most popular technology holding amongst AlphaClone's hedge fund universe. With 35 hedge funds reporting the company as a top 20 holding vs. 25 holders for the next most popular stock, Qualcomm [QCOM]. This morning's iPad launch should make this stock a staple amongst the smart money technology holdings for many quarters to come. The iPad product "feels" like a new catagory of computer being introduced; desktop, laptop, PDA/Smart Phone and now, the iPad (sorry Kindle!).
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January 27, 2010
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