Top Fund Managers Grab Activision, Autodesk And Other Tech Concerns; Southwestern Energy and other oils also on buy list; Eclipsys is among the sells.(SERIES: FUNDS & PERSONAL FINANCE/MUTAL FUND QUARTERLY)(IBD SPECIAL REPORT)(BUYS & SELLS)

Byline: JULIE HUYNH

The stock market ended June slightly higher after seesawing amid political skirmishes over Iraq and an interest rate hike from the Federal Reserve. The good news: the economy's recovery has proved to be better than anticipated, helped by strong job growth.

The tech-heavy Nasdaq was up 2.68% in June; the index finished up 2.6% for the second quarter. The Dow Jones industrials rose 2.4% for the month and ended up 0.75% for the quarter.

Until recently, Americans had been buying homes like candy amid record low rates. But the Fed hike may slow down purchases.

The nation's best performing funds have been buying tech and Net issues such as Activision, Yahoo, eBay and Autodesk in the latest reporting period.

Telecom stocks Research In Motion, Qualcomm and Ditech Communications are other top buys that have performed well.

Top fund managers have also been bumping up their holdings in oil stocks such as Southwestern Energy, Smith International, XTO Energy and Veritas DGS.