7 Stocks That Are Still Hedge Fund Favorites Many of the hedge fund favorites are technology companies, my analysis of the most popular stocks among the 40 largest hedge funds shows. Additionally, the top five hedge funds in 2022 hold widely followed names like Coca-Cola (NYSE: KO ). The media tends to closely cover the stocks that are most widely owned by hedge funds, making those equities popular among retail investors. And after the market rebounded for four straight weeks this summer, investors may want to copy the trades of top hedge funds in order to avoid missing out on the market’s rebound . The stocks whose grade is in green have the best prospects. In the quantitative table above , six of the seven firms receive high ratings on quality and growth. Although Uber (NYSE: UBER ) has poor grades, the stock still bottomed in the low $20s. In the smartphone market, Apple (NASDAQ: AAPL ) and Qualcomm (NASDAQ: QCOM ) have strong growth prospects, so hedge funds cannot risk leaving those stocks out of their portfolios. Although inflation is causing some consumers to reduce their spending on certain items, they are unlikely to avoid upgrading their smartphones.