The Mountain View, Calif.-based Internet search company appears on the Goldman Sachs list most frequently after Apple. It's a top-10 holding 63 times, and 96 times among hedge funds with 10 to 200 positions. Google shares account for an average portfolio weighting of 6% among the 10 biggest holdings.
Google shares have underperformed this year, gaining only 3.7%. However, over the past month, Google has gained 9.6%, doubling the 4.8% return in the Nasdaq. Google had strong second-quarter results, exceeding analysts' consensus.Google is attacking Apple on the tablet front, and that's piquing investor interest. Google is launching the Nexus 7 tablet, a 7-inch tablet, priced at $199.