But Google remains the second most important stock in fundamentals-driven hedge funds, given only slightly less weight than No. 1 favorite Apple, according to a Goldman Sachs ( GS) reports.

FORBES: Connect

Miller also defrauded another broker-dealer into taking on a significant short position in Apple stock to hedge against the large purchase of Apple stock he was executing at Rochdale, authorities said.

WSJ: NY trader pleads guilty in $1B Apple stock scheme

Apple's stock has risen 2% since David Einhorn, manager of hedge-fund firm Greenlight Capital, launched a public campaign to pressure management to return more cash to investors.

WSJ: Upside: Apple Isn't the Only Company With a Cash Hoard