5 of the most popular stocks owned by hedge funds

1. Apple - Not surprisingly, Apple tops the list of hedge fund portfolio favorites. Apple is currently trading at $160 per-share, and has a one-year target estimate of $168 per share.

2. Oracle - Another technology giant, Oracle places second on WalletHub's "Top Five" hedge fund stock selection list, and it's easy to see why. The stock is only trading at $49 per share, but it's on a nice upward trend in 2017, up from $40 per share at the beginning the year. Overall, Oracle's stock price has risen 30.91% from its 52-week low, with a 52-week trading range of 37.62 to 51.85.

3. Philip Morris - Surprised to see a tobacco company on the hedge fund "favorites" list right now? Don't be - Philip Morris is surging at $115 per-share, with a year-to-date pricing upgrade of 26.19%, and a one-year rise of 15.53%. PM is among a handful of stocks that money managers believe can withstand any potential upward market volatility, geopolitical angst .

4. AbbVie - trading at $70 per share, is another cornerstone portfolio pick by hedge fund managers in a volatile market. ABBV has a one-year price estimate of $79 per-share, and offers a solid $2.56 (3.64%) dividend yield.

5. Broadcom has a hefty $250 share prices right now, but that's up from $195 per share at the beginning of 2017, and analysts have pegged AVGO's one-year target estimate at $273 per share, so the stock has room to grow over the short-term.

Source: Bloomberg Pro Terminal

Trader Bozhidar Arabadzhiev

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