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3 Tech Stocks That Hedge Funds Are Buying

Microsoft

Goldman Sachs noted that Microsoft has been among the top 10 names on the list for each of the past 46 quarters. Microsoft stock appears as a top-10 holding for 47 funds and accounts for an average portfolio weighting of 6%.

Microsoft shares have outperformed the Nasdaq and the S&P 500 this year, climbing 19%. Investors are excited about Microsoft's new operating system, Windows 8, which runs on chips from Intel (INTC) and processors using ARM Holdings' (ARMH) design for the first time in Microsoft's history.

Investors have trained their eyes on the Microsoft Surface, the company's answer to the iPad, as both Microsoft and Google try to chip away at Apple's dominance. Microsoft has not released pricing details of the Windows 8 tablet, though CEO Steve Ballmer did say it would be "competitive."

Microsoft said the device will be available for sale Oct. 26.

Interested in more on Microsoft? See TheStreet Ratings' report card for this stock.

Follow TheStreet Tech on your wireless devices.

-- Written by Chris Ciaccia in New York

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