Those stocks combine for almost 16% of the $167.1 million PowerShares Dynamic Media Portfolio (NYSEArca: PBS). PBS is not strictly an old line media ETF. The ETF holds several names that qualify as new media, including Facebook (NasdaqGS: FB), another hedge fund favorite. Facebook is a top-10 holding for 30 hedge funds, according to the Journal.

Mark Zuckerberg’s company is also a top-10 holding in PBS with a weight of nearly 5%.

Other ETFs that can be used to make sector bets include financial services funds. Financial services stocks currently favored by hedge funds, according to the Journal and Goldman list, include American International Group (NYSE: AIG), Citigroup (NYSE: C), Bank of America (NYSE: BAC), J.P. Morgan Chase (NYSE: JPM) and Warren Buffett’s Berkshire Hathaway (NYSE: BRK-B). Those stocks combine for over 30% of the Financial Select Sector SPDR (NYSEArca: XLF), the largest sector ETF by assets.

Technology Select Sector SPDR

Tom Lydon’s clients own shares of Apple, Facebook and Microsoft.