The Top 10 Stocks Popular Among Hedge Funds

Hedge funds are known to be smart investors, and there is always something intriguing about knowing the stocks that the “smart money” is betting on.

Taking investing cues from hedge funds gets even more important when the market volatility is high and there is significant uncertainty due to macroeconomic factors.

Though investors could never know in real-time the stocks that hedge funds are buying, still knowing about the stocks popular among hedge funds in the previous quarter can give some idea of the stocks to choose. So, let’s take a look at the top ten stocks popular among hedge funds.

Top Ten Stocks Popular Among Hedge Funds

We have referred to the Q4 13F filings of the hedge funds to come up with the top ten stocks popular among hedge funds. The list is in no particular order, rather lists the top ten stocks in which hedge funds have made bigger investments.

10. General Motors

Founded in 1908 and headquartered in Detroit, General Motors (NYSE:GM) designs, makes and sells cars, trucks and automobile parts. GM shares are down almost 33% YTD and almost 1% in the last one month.

Some hedge funds with large stakes in General Motors include Berkshire Hathaway (NYSE:BRKa), Harris Associates, Hotchkis & Wiley Capital Management, and Eagle Capital Management.

9. Pfizer

Pfizer (NYSE:PFE) is a New York headquartered company founded in 1849 that works to advance wellness, prevention, treatments and cures for critical diseases. PFE shares are down over 18% YTD and over 12% in the last one month.

Some of the hedge funds with large stakes in Pfizer include Sanders Capital, Coatue Management, Jensen Investment Management, and Thornburg Investment Management.

8. Asana

Founded in 2008, Asana (NYSE:ASAN) develops a work management platform to assist team collaboration. Shares of the San Francisco headquartered company are down over 66% YTD and almost 27% in the last one month.

Amongst the hedge funds holding large stakes in Asana are Yale University, Tiger Global Management, Renaissance Technologies, and Two Sigma Advisers.

7. Fidelity National Information Services

Founded in 1968 and headquartered in Jacksonville, Fla., Fidelity National Information Services (NYSE:FIS) offers technology solutions to merchants, banks, and capital markets firms globally.

FIS shares are down over 10% YTD and over 4% in the last one month.

Hedge funds with large stakes in Fidelity National Information Services include Cantillon Capital Management, Soroban Capital Partners, Steadfast Capital Management, and DE Shaw.

6. Visa

Digital payment services company Visa (NYSE:V) has seen its shares down almost 7% YTD and over 13% in the last year. Founded in 1958 and headquartered in San Francisco, several hedge funds, including TCI Fund Management, Sands Capital Management, Akre Capital Management, and Lone Pine Capital hold large positions.

5. Alibaba) Group

Founded in 1999 and headquartered in Hangzhou, China, this company offers online and mobile marketplaces in retail and wholesale trade. Alibaba Group Holdings (NYSE:BABA) shares are down over 24% YTD and over 13% in the last one month.

Hedge funds with large stakes in Alibaba Group include TT International, Bridgewater Associates, Causeway Capital Management, and Joho Capital.

4. Uber Technologies

Uber Technologies (NYSE:UBER), operates a ridesharing mobile application that connects drivers with people who need a ride since 2009. Headquartered in San Francisco, UBER shares are down almost 41% YTD and almost 23% in the last one month.

Making the list of hedge funds with large stakes in Uber are Altimeter Capital Management, Southpoint Capital Advisors, PointState Capital, and Sachem Head Capital Management.

3. Zendesk

Founded in 2007 and headquartered in San Francisco, this company offers a customer service platform to help companies provide customer support. Zendesk Inc (NYSE:ZEN) shares are up over 10% YTD, but are down over 6% in the last one month.

Some hedge funds with large stakes in Zendesk include Meritage Hospitality Group (OTC:MHGU), Jana Partners, Contour Asset Management, and Third Point (LON:TPOGu).

2. Amazon

Amazon.com (NASDAQ:AMZN), founded in 1994 and headquartered in Seattle, deals in digital streaming, e-commerce, cloud computing, and artificial intelligence.

AMZN shares are down almost 32% YTD and over 26% in the last one month.

Several of the hedge funds with large stakes in Amazon include JW Asset Management, Lone Pine Capital, Meritage (NYSE:MTH) Group and Foxhaven Asset Management.

1. Meta Platforms

Formerly known as Facebook, founded in 2004 and headquartered in Menlo Park, Calif., Meta Platforms (NASDAQ:FB) develops and operates social media apps, including Facebook, WhatsApp, Instagram, Messenger, and more.

Shares of FB are down almost 39% YTD and over 7% in the last one month. Some hedge funds with large stakes in Meta Platforms are Symmetry Peak Management, HS Management Partners, Dorsey Asset Management and Lomas Capital Management.