Hedge funds have been loading up on tech and media names, mostly to good results. : The biggest hedge funds have been loading up on tech and media names, mostly to good results for an industry that has struggled to beat the market. The list of most-owned stocks contains many of the market's favorites, with 15 of the top 20 with the highest hedge fund ownership being in the technology, media and internet sectors, according to a study that RBC Capital Markets conducted of major funds. Of the top 20, 16 have posted higher returns than the S&P 500.