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Despite struggling mightily over the past couple of years, hedge funds still have a ton of assets under management, an estimated $3 trillion at the end of the first quarter. That includes the actual hedge funds themselves and funds of funds. For years the holdings in many funds were very secretive, but now, due in part to the tremendous growth and regulations, funds post purchases and sales.

A recent research report from FactSet presented a mountain of hedge fund data that was as of the conclusion of the first quarter. While most of it was sector allocation, and the biggest buys and sells, we were intrigued by the top holdings. Here they are starting from the largest by the end-of-the-quarter market value.

Kraft Heinz

This surprising number one is a top consumer staples company. Kraft Heinz Co. (NYSE: KHC) is the third-largest food and beverage company in North America and the fifth largest in the world, with eight $1 billion brands. A globally trusted producer of delicious foods, Kraft Heinz provides high quality, great taste and nutrition for all eating occasions, whether at home in restaurants or on the go.

The company’s iconic brands include Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.

Kraft Heinz shareholders are paid a tasty 2.8% dividend. The Thomson/First Call consensus price target for the stock is $90.29. The shares closed Monday at $82.81 apiece.

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