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Were Hedge Funds Right About Piling Into Micron Technology, Inc. (MU)?

We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. With all of this in mind we're going to take a look at the new hedge fund action encompassing Micron Technology, Inc. (NASDAQ:MU). How have hedgies been trading Micron Technology, Inc. (NASDAQ:MU)? Unfortunately MU wasn't nearly as popular as these 10 stocks and hedge funds that were betting on MU were disappointed as the stock returned 17% during the same time period and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 10 most popular stocks among hedge funds as many of these stocks already outperformed the market so far this year.

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