Hedge fund assets under management reached a new high of $3.6 trillion in 2020. This was due to performance, according to investment bank Barclays, because withdrawals in the first half of the year were not offset by inflows in the second half. According to Barclays, hedge funds are expected to raise $30 billion from investors this year. This would be hedge funds’ first annual net inflow since 2017. Amazon.com, UnitedHealth Group, and Nuance Communications are among the equities that are currently attracting the interest of elite hedge funds.
Here is Insider Monkey’s list of the 10 stocks getting the attention of elite hedge funds. Clarivate Plc came in tenth position on the list of the top ten stocks attracting elite hedge funds. The company provides services in the areas of analytics and information systems. At the end of the second quarter of 2021, 41 hedge funds in Insider Monkey’s database had positions in Clarivate worth $5.3 billion. Welbilt, Inc. is ranked ninth on the list of the top 10 hedge funds’ favorite stocks. The company manufactures and sells commercial food service equipment. With 11 million shares worth more than $258 million, Icahn Capital LP is the largest stakeholder. Dun & Bradstreet Holdings, Inc. is ranked eighth on the list of the top 10 hedge funds’ favorite stocks. At the conclusion of the second quarter of 2021, 45 hedge funds in Insider Monkey’s database had positions totaling $869 million. With 2.5 million shares valued at more than $437 million, Pentwater Capital Management is a major shareholder in Proofpoint, Inc. Amazon.com, UnitedHealth Group, and Lithia Motors are among the stocks on Insider Monkey’s list of hedge fund favorites. Semiconductors and related goods are manufactured and sold by the corporation. At the end of the second quarter of 2021, 51 hedge funds in Insider Monkey’s database had positions in Marvell Technology, Inc. totaling $1.3 billion. For more details, click 10 Stocks Getting The Attention of Elite Hedge Funds.
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