But within the market, hedge funds favor some securities over others.
According to FactSet's new hedge fund ownership report, the top 50 biggest funds increased their exposure to equities by 7.6% in the third quarter led by the Health Care and Consumer Staples sectors.
"The Health Care and Consumer Staples sectors were the two most popular groups in terms of total value of purchases, with four of the top ten purchases in the quarter coming from companies in these sectors," FactSet analyst Andrew Birstingl said.
We've compiled FactSet's and have the list of the top 50 stocks that hedge funds love. We've ranked them based on the aggregate market value held by the 50 largest hedge funds. Also included is the percent weight in the top 50 funds in aggregate, the percent of all outstanding shares the hedge funds own, and a recent comment from a company executive.
Check out the list below.