Prominent hedge funds Renaissance Technologies and Coatue Management were also big sellers of Apple. But many big hedge funds are selling the maker of iEverything. According to FactSet, the top 50 hedge fund holdings were down 1.5% compared to a 1.4% gain for the S&P 500. Alphabet is actually a darling of Greenwich, Connecticut -- the unofficial capital of the hedge fund world. Viking Global Investors acquired the biggest chunk, but giant hedge fund Citadel also scooped up some Facebook.

Source: CNN May 22, 2016 10:15 UTC