Hedge funds ditch Apple for AbbVie and Alibaba By: CNBC.com News November 18, 2014 at 05:29 AM EST Hedge funds flocked to Apple ahead of launch of the iPhone 6, but the company is now the most sold position among some of world's largest funds. Read More >> Related Stocks: AbbVie Actavis Plc Alibaba Group Holding Ltd Apple Baidu.com SP ADR Valeant Pharmaceuticals International, Inc.