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Hedge Funds Still Believe In Facebook: Goldman Sachs

by thestreet.com posted 9months ago 44 views
Click to view a price quote on FB. Click to research the Internet industry. : Facebook's (FB) lukewarm second quarter -- and massive negative market reaction to it -- hasn't shaken the confidence of too many bullish hedgies. Nearly 100 hedge funds owned the social media giant's stock as a top 10 portfolio position at the start of the third quarter, according to new Goldman Sachs data. That positioning continues to earn Facebook the most popular stock among hedge funds award, based on the top 10 largest hedge funds Goldman tracks.

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