Hedge funds piled into these stocks during the first-quarter sell-off

A trader at the New York Stock Exchange (NYSE) at Wall Street in New York City.

JOHANNES EISELE | AFP via Getty Images

(This story is for CNBC Pro subscribers only.)

During the worst stock rout in more than a decade earlier this year, hedge fund managers piled into stay-at-home internet names while buying the dip in beaten-down coronavirus-impacted stocks.

RBC Capital Markets looked at a total of 342 hedge funds and their positions at the end of March based on their latest quarterly regulatory filings. The 10 top new picks in the hedge fund world during the first quarter outperformed the market by 8.4% on average in 2020, RBC finds.

These are the stocks where hedge fund ownership rose the most during the first-quarter sell-off.

Source link

Next Post

Joseph Gordon-Levitt Talks Creativity, Collaboration and Other Fun Ways to Not Go Totally Insane

Thu May 21 , 2020
On this week’s episode of the ‘Get a Real Job’ podcast, an inspiring chat with actor/writer/creator Joseph Gordon-Levitt. Grow Your Business, Not Your Inbox Stay informed and join our daily newsletter now! May 19, 2020 1 min read Opinions expressed by Entrepreneur contributors are their own. You know Joseph Gordon-Levitt […]