10 Best Revenue Growth Stocks to Buy According to Hedge Funds

5. Apollo Global Management, Inc. (NYSE:APO)

Number of Hedge Fund Holders: 82

5-Year Revenue Growth: 77.12%

Apollo Global Management, Inc. (NYSE:APO) is an American asset management firm that has created a notable record of success in alternative investments since its founding in 1990. In its asset management business, the firm provides its clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. Simultaneously, the firm’s retirement services business Athene provides a suite of retirement savings products.

Apollo Global Management, Inc. (NYSE:APO) serves as a high-growth, global alternative asset manager with approximately $733 billion of assets under management, as of September 30, 2024. The company is building a next-generation financial services business positioned uniquely to win across massive market opportunities relating to the global industrial renaissance, the growing need for retirement products, and individual investors.

Apollo has been a robust, sustainable business with growth momentum through 2024. The firm recorded strong third-quarter financial results, posting record quarterly FRE (Fee Related Earnings) of $531 million and the second-highest quarter of SRE (Spread Related Earnings) amounting to $856 million. The two earnings streams totaled $1.4 billion in the quarter. At the same time, total assets under management of $733 billion benefited from inflows of $42 billion in the quarter.