Funds Like Alibaba Group Holdings Ltd. Trim Apple Inc.

Alibaba Group Holding Ltd

was the big no-brainer for high-profile hedge funds in the recent quarter. For Daniel Loeb's Third Point LLC, Alibaba represents more than 7 percent of his portfolio. Among the host of hedge funds loading up on the Chinese Internet company in the third quarter were David Tepper's Appaloosa Management Fund, Julian Robertson's Tiger Management, Paulson & Co. and Soros's Fund Management LLC. Jana Partners increased its stake in Hertz Global Holdings, Inc.

to 10 million shares in the recent period, from 5.9 million in its prior filling. Carl Icahn's Icahn Capital LP also loaded up on Hertz, which now accounts for nearly 3 percent of his portfolio. But but the rent-a-car agency got dumped completely by Daniel Loeb's Third Point LLC. Micron Technology, Inc.

accounts for 30 percent of Seth Klarman's Baupost Group's investments according to his latest filing. Micron also amounts to more than 15 percent of the holdings of David Einhorn's Greelight Capital, although Einhorn trimmed his stake in the company to 30.47 million shares, from 40.34 million shares. Both Greenlight and Appaloosa trimmed their holdings in the ever-popular Apple Inc.

. The number of hedge funds invested in Apple grew during the quarter, according to a report by Techinsider. http://www.techinsider.net/apple-inc-nasdaqaapl-hedge-funds-are-crazy-about-it/1119924.html But the total investments in Apple held by hedge funds actually fell to $22 billion in the recent period, from $25 billion at the end of the second quarter, Techinsider said.