Google Overtakes Apple as Top U.S. Mutual Fund Holding
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Google Inc., operator of the world’s largest Web-search engine, has passed Apple Inc. to become the most-owned stock by the 50 biggest actively managed U.S. mutual funds, according to a report by Citigroup Inc.
Among hedge funds, Google was also the top holding, according to the report, which examined investments at the end of the fourth quarter for the largest funds by asset size.