30 Most Popular Stocks Among Hedge Funds: 2024 Q3

October data from the Investment Company Institute shows that index funds have a 60% market share.

Investors believe that beating the market is increasingly challenging and index funds offer the most effective approach to stock market investing.

I hold a PhD in financial economics. My research has shown that insiders and hedge funds can outperform the passive index funds by a very large margin over long periods of time.

I know what you might be thinking.

Hedge fund data is delayed by 45 days, potentially making it outdated by the time we receive it. How can this approach still be effective?

Well, you don’t need to speculate. Just look at the performance.

Overall, hedge funds’ top 10 stock picks returned 532.1% since 2014 (through December 31st) and beat the S&P 500 Index ETF (SPY) by 254.7 percentage points.

We have been telling our readers and subscribers for years to imitate hedge funds’ top stock picks.

Here is our previous article on this topic.

You can also check out our 2023 articles about the 30 most popular hedge fund stocks at the end of the third quarter and first quarter here. You can also check out the previous lists that are published in 2002Q4, 2022Q2, 2022 Q1, 2021 Q4, 2021 Q3 and 2021 Q2 here. In May 2021, we shared hedge funds’ top 30 stock picks for 2021 Q1. In February 2021, we also shared hedge funds’ top 30 stock picks. We also shared hedge funds’ top 30 stock picks at the end of November 2020. Three months before that we shared hedge funds’ top 30 stock picks for Q2’20. In fact, we have been sharing the list of hedge funds’ top 30 stocks since 2012 in our quarterly newsletter.

In 2023 top 10 stocks returned 75.1% and outperformed the S&P 500 Index ETF (SPY) by nearly 50 percentage points.

2024’s top 10 stocks returned 40.3% versus 24.9% gain for SPY.

Sixty percent of all investors invest in dumb index funds because they were made to believe that they can’t outperform the market by stock selection.

Our readers who invest in hedge funds’ top 10 stock picks beat the S&P 500 index funds by 255 percentage points over a 10-year period. That’s real money.

Every quarter we process more than 900 hedge funds’ 13F filings and identify the top stocks among ALL 900+ hedge funds.

The list of top 10 hedge fund stocks hasn’t changed much since the third quarter of 2018.

You can invest in this low turnover simple strategy by subscribing to our quarterly newsletter or simply reading my articles.

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The best thing about following hedge funds’ top picks on our website is that you don’t need to pay hedge funds an annual 2% fee and 20% of your profits to beat the market.

We do that here free of charge.

Our approach is also superior to investing directly into hedge funds because we don’t like to invest in a hedge funds’ 35th best idea when we can invest in only the best stock picks of the best hedge funds.

Below we listed the 30 most popular stocks among hedge funds at the end of September 2024. If you are only interested in a more concentrated portfolio, check out the top 10 stocks in this list below:

30. Progressive Corporation (NYSE:PGR)

Number of Hedge Funds: 95 (2024Q3)
Number of Hedge Funds: 89 (2024Q2)
Total Dollar Amount of Long Hedge Fund Positions: $7.4 billion
Percent of Hedge Funds with Long Positions: 10.6%
Q4 Return: -4%
Popularity Ranking (2024Q2): 38
Popularity Ranking (2024Q1): 38
Noteworthy Hedge Fund Shareholders: John Armitage

Pixabay / Public Domain

29. GE Aerospace (NYSE:GE)

Number of Hedge Funds: 95 (2024Q3)
Number of Hedge Funds: 86 (2024Q2)
Number of Hedge Funds: 95 (2024Q1)
Number of Hedge Funds: 92 (2023Q4)
Total Dollar Amount of Long Hedge Fund Positions: $14.1 billion
Percent of Hedge Funds with Long Positions: 10.6%
Q4 Return: -8.1%
Popularity Ranking (2024Q2): 42
Popularity Ranking (2024Q1): 28
Popularity Ranking (2023Q4): 24
Noteworthy Hedge Fund Shareholders: Nelson Peltz, Chris Hohn

Jonathan Weiss / Shutterstock.com

28. Vistra Corp (NASDAQ:VST)

Number of Hedge Funds: 97 (2024Q3)
Number of Hedge Funds: 92 (2024Q2)
Total Dollar Amount of Long Hedge Fund Positions: $4.9 billion
Percent of Hedge Funds with Long Positions: 10.8%
Q4 Return: 18.8%
Popularity Ranking (2024Q2): 34
Popularity Ranking (2024Q1): 55
Noteworthy Hedge Fund Shareholders: Castle Hook Partners, Dan Loeb

Solar panel workers installing a new farm for clean energy generation.

27. Danaher Corporation (DHR)

Number of Hedge Funds: 98 (2024Q3)
Number of Hedge Funds: 83 (2024Q2)
Number of Hedge Funds: 98 (2024Q1)
Number of Hedge Funds: 90 (2023Q4)
Number of Hedge Funds: 103 (2023Q3)
Number of Hedge Funds: 89 (2023Q2)
Number of Hedge Funds: 90 (2023Q1)
Number of Hedge Funds: 88 (2022Q4)
Number of Hedge Funds: 89 (2022Q3)
Number of Hedge Funds: 82 (2022Q2)
Number of Hedge Funds: 83 (2022Q1)
Total Dollar Amount of Long Hedge Fund Positions: $6.1 billion
Percent of Hedge Funds with Long Positions: 10.9%
Q4 Return: -16%
Popularity Ranking (2024Q2): 53
Popularity Ranking (2024Q1): 24
Popularity Ranking (2023Q4): 30
Popularity Ranking (2023Q3): 21
Popularity Ranking (2023Q2): 25
Popularity Ranking (2023Q1): 28
Popularity Ranking (2022Q4): 29
Popularity Ranking (2022Q3): 31
Popularity Ranking (2022Q2): 32
Popularity Ranking (2022Q1): 37
Noteworthy Hedge Fund Shareholders: Dan Loeb, NZS Capital

Dan Loeb of Third Point

26. Thermo Fisher Scientific Inc. (TMO)

Number of Hedge Funds: 98 (2024Q3)
Number of Hedge Funds: 108 (2024Q2)
Number of Hedge Funds: 110 (2024Q1)
Number of Hedge Funds: 111 (2023Q4)
Number of Hedge Funds: 109 (2023Q3)
Number of Hedge Funds: 103 (2023Q2)
Number of Hedge Funds: 98 (2023Q1)
Number of Hedge Funds: 92 (2022Q4)
Number of Hedge Funds: 92 (2022Q3)
Number of Hedge Funds: 93 (2022Q2)
Number of Hedge Funds: 101 (2022Q1)
Number of Hedge Funds: 95 (2021Q4)
Number of Hedge Funds: 94 (2021Q3)
Number of Hedge Funds: 87 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $8.3 billion
Percent of Hedge Funds with Long Positions: 10.9%
Q4 Return: -14.3%
Popularity Ranking (2024Q2): 19
Popularity Ranking (2024Q1): 18
Popularity Ranking (2023Q4): 16
Popularity Ranking (2023Q3): 17
Popularity Ranking (2023Q2): 21
Popularity Ranking (2023Q1): 21
Popularity Ranking (2022Q4): 26
Popularity Ranking (2022Q3): 25
Popularity Ranking (2022Q2): 20
Popularity Ranking (2022Q1): 17
Popularity Ranking (2022Q4): 22
Popularity Ranking (2021Q3): 23
Popularity Ranking (2021Q2): 29
Noteworthy Hedge Fund Shareholders: David Blood and Al Gore, Ako Capital, Farallon Capital

25. Spotify (NYSE:SPOT)

Number of Hedge Funds: 98 (2024Q3)
Number of Hedge Funds: 88 (2024Q2)
Total Dollar Amount of Long Hedge Fund Positions: $8.6 billion
Percent of Hedge Funds with Long Positions: 10.9%
Q4 Return: 23.6%
Popularity Ranking (2024Q2): 39
Popularity Ranking (2024Q1): 63
Noteworthy Hedge Fund Shareholders: Andreas Halvorsen, Lone Pine Capital

Photo by Alexander Shatov on Unsplash

24. Bank of America (BAC)

Number of Hedge Funds: 98 (2024Q3)
Number of Hedge Funds: 92 (2024Q2)
Total Dollar Amount of Long Hedge Fund Positions: $40.6 billion
Percent of Hedge Funds with Long Positions: 10.9%
Q4 Return: 13.2%
Popularity Ranking (2024Q2): 30
Popularity Ranking (2024Q1): 42
Noteworthy Hedge Fund Shareholders: Warren Buffett, Andreas Halvorsen

A group of analysts studying data on a large monitor.

23.  Tesla (NASDAQ:TSLA)

Number of Hedge Funds: 99 (2024Q3)
Number of Hedge Funds: 85 (2024Q2)
Total Dollar Amount of Long Hedge Fund Positions: $7.9 billion
Percent of Hedge Funds with Long Positions: 11.0%
Q4 Return: 65.7%
Popularity Ranking (2024Q2): 48
Popularity Ranking (2024Q1): 73
Noteworthy Hedge Fund Shareholders: Cathie Wood

22. JPMorgan Chase & Co. (NYSE: JPM)

Number of Hedge Funds: 105 (2024Q3)
Number of Hedge Funds: 111 (2024Q2)
Number of Hedge Funds: 112 (2024Q1)
Number of Hedge Funds: 103 (2023Q4)
Number of Hedge Funds: 109 (2023Q3)
Number of Hedge Funds: 106 (2023Q2)
Number of Hedge Funds: 112 (2023Q1)
Number of Hedge Funds: 100 (2022Q4)
Number of Hedge Funds: 110 (2022Q3)
Number of Hedge Funds: 104 (2022Q2)
Number of Hedge Funds: 110 (2021Q4)
Number of Hedge Funds: 107 (2021Q4)
Number of Hedge Funds: 101 (2021Q3)
Number of Hedge Funds: 108 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $8.6 billion
Percent of Hedge Funds with Long Positions: 11.7%
Q4 Return: 15.3%
Popularity Ranking (2024Q2): 17
Popularity Ranking (2024Q1): 17
Popularity Ranking (2023Q4): 19
Popularity Ranking (2023Q3): 18
Popularity Ranking (2023Q2): 20
Popularity Ranking (2023Q1): 15
Popularity Ranking (2022Q4): 19
Popularity Ranking (2022Q3): 15
Popularity Ranking (2022Q2): 14
Popularity Ranking (2022Q1): 12
Popularity Ranking (2021Q4): 17
Popularity Ranking (2021Q3): 17
Popularity Ranking (2021Q2): 16
Noteworthy Hedge Fund Shareholders: Greenhaven Associates, Brave Warrior Capital

pcruciatti / Shutterstock.com

21. Eli Lilly (NYSE:LLY)

Number of Hedge Funds: 106 (2024Q3)
Number of Hedge Funds: 100 (2024Q2)
Number of Hedge Funds: 109 (2024Q1)
Number of Hedge Funds: 102 (2023Q4)
Number of Hedge Funds: 102 (2023Q3)
Number of Hedge Funds: 87 (2023Q2)
Number of Hedge Funds: 72 (2023Q1)
Total Dollar Amount of Long Hedge Fund Positions: $18.6 billion
Percent of Hedge Funds with Long Positions: 11.8%
Q4 Return: -10.8%
Popularity Ranking (2024Q2): 22
Popularity Ranking (2024Q1): 19
Popularity Ranking (2023Q4): 20
Popularity Ranking (2023Q3): 22
Popularity Ranking (2023Q2): 28
Popularity Ranking (2023Q1): 60
Noteworthy Hedge Fund Shareholders: Woodline Partners, Styrax Capital

A technician carefully measuring the quality of a nutritional supplement.

20. Micron (NASDAQ: MU)

Number of Hedge Funds: 107 (2024Q3)
Number of Hedge Funds: 120 (2024Q2)
Number of Hedge Funds: 115 (2024Q1)
Number of Hedge Funds: 92 (2023Q4)
Number of Hedge Funds: 90 (2023Q3)
Number of Hedge Funds: 86 (2023Q2)
Number of Hedge Funds: 73 (2023Q1)
Total Dollar Amount of Long Hedge Fund Positions: $4.0 billion
Percent of Hedge Funds with Long Positions: 11.9%
Q4 Return: -17.5%
Popularity Ranking (2024Q2): 14
Popularity Ranking (2024Q1): 16
Popularity Ranking (2023Q4): 25
Popularity Ranking (2023Q3): 26
Popularity Ranking (2023Q2): 31
Popularity Ranking (2023Q1): 58
Noteworthy Hedge Fund Shareholders: Orbis Investment Management, Marshall Wace LLP

Charles Knowles / Shutterstock.com

19. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Funds: 107 (2024Q3)
Number of Hedge Funds: 108 (2024Q2)
Number of Hedge Funds: 124 (2024Q1)
Number of Hedge Funds: 120 (2023Q4)
Number of Hedge Funds: 110 (2023Q3)
Number of Hedge Funds: 112 (2023Q2)
Number of Hedge Funds: 91 (2023Q1)
Number of Hedge Funds: 97 (2022Q4)
Number of Hedge Funds: 89 (2022Q3)
Number of Hedge Funds: 87 (2022Q2)
Number of Hedge Funds: 83 (2022Q1)
Total Dollar Amount of Long Hedge Fund Positions: $10.4 billion
Percent of Hedge Funds with Long Positions: 11.9%
Q4 Return: -23.8%
Popularity Ranking (2024Q2): 18
Popularity Ranking (2024Q1): 13
Popularity Ranking (2023Q4): 12
Popularity Ranking (2023Q3): 15
Popularity Ranking (2023Q2): 15
Popularity Ranking (2023Q1): 26
Popularity Ranking (2022Q4): 23
Popularity Ranking (2022Q3): 30
Popularity Ranking (2022Q2): 25
Noteworthy Hedge Fund Shareholders: Jim Simons, Hiddenite Capital

18. UnitedHealth (NYSE: UNH)

Number of Hedge Funds: 112 (2024Q3)
Number of Hedge Funds: 114 (2024Q2)
Number of Hedge Funds: 104 (2024Q1)
Number of Hedge Funds: 113 (2023Q4)
Number of Hedge Funds: 104 (2023Q3)
Number of Hedge Funds: 111 (2023Q2)
Number of Hedge Funds: 116 (2023Q1)
Number of Hedge Funds: 110 (2022Q4)
Number of Hedge Funds: 110 (2022Q3)
Number of Hedge Funds: 91 (2022Q2)
Number of Hedge Funds: 103 (2022Q1)
Number of Hedge Funds: 96 (2021Q4)
Number of Hedge Funds: 95 (2021Q3)
Number of Hedge Funds: 105 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $15.1 billion
Percent of Hedge Funds with Long Positions: 12.4%
Q4 Return: -12.0%
Popularity Ranking (2024Q2): 16
Popularity Ranking (2024Q1): 22
Popularity Ranking (2023Q4): 15
Popularity Ranking (2023Q3): 20
Popularity Ranking (2023Q2): 17
Popularity Ranking (2023Q1): 14
Popularity Ranking (2022Q4): 16
Popularity Ranking (2022Q3): 14
Popularity Ranking (2022Q2): 23
Popularity Ranking (2022Q1): 15
Popularity Ranking (2021Q4): 19
Popularity Ranking (2021Q3): 22
Popularity Ranking (2021Q2): 17
Noteworthy Hedge Fund Shareholders: Egerton Capital, Orbis Investment Management

Ken Wolter/Shutterstock.com

17. Alibaba Group Holding Limited (BABA)

Number of Hedge Funds: 115 (2024Q3)
Number of Hedge Funds: 91 (2024Q2)
Number of Hedge Funds: 103 (2024Q1)
Number of Hedge Funds: 116 (2023Q4)
Number of Hedge Funds: 110 (2023Q3)
Number of Hedge Funds: 112 (2023Q2)
Number of Hedge Funds: 128 (2023Q1)
Number of Hedge Funds: 113 (2022Q4)
Number of Hedge Funds: 105 (2022Q3)
Number of Hedge Funds: 106 (2022Q2)
Number of Hedge Funds: 100 (2022Q1)
Number of Hedge Funds: 96 (2021Q4)
Number of Hedge Funds: 115 (2021Q3)
Number of Hedge Funds: 146 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $6.2 billion
Percent of Hedge Funds with Long Positions: 12.8%
Q4 Return: -20.7%
Popularity Ranking (2024Q2): 36
Popularity Ranking (2024Q1): 23
Popularity Ranking (2023Q4): 14
Popularity Ranking (2023Q3): 16
Popularity Ranking (2023Q2): 16
Popularity Ranking (2023Q1): 13
Popularity Ranking (2022Q4): 14
Popularity Ranking (2022Q3): 16
Popularity Ranking (2022Q2): 13
Popularity Ranking (2022Q1): 19
Popularity Ranking (2021Q4): 20
Popularity Ranking (2021Q3): 13
Popularity Ranking (2021Q2): 8
Noteworthy Hedge Fund Shareholders: Hillhouse Capital Management, Cryder Capital, Parsifal Capital Management

Pieter Beens / Shutterstock.com

16. Salesforce.com, inc. (NYSE: CRM)

Number of Hedge Funds: 116 (2024Q3)
Number of Hedge Funds: 117 (2024Q2)
Number of Hedge Funds: 154 (2024Q1)
Number of Hedge Funds: 131 (2023Q4)
Number of Hedge Funds: 122 (2023Q3)
Number of Hedge Funds: 122 (2023Q2)
Number of Hedge Funds: 136 (2023Q1)
Number of Hedge Funds: 117 (2022Q4)
Number of Hedge Funds: 117 (2022Q3)
Number of Hedge Funds: 116 (2022Q2)
Number of Hedge Funds: 114 (2022Q1)
Number of Hedge Funds: 110 (2021Q4)
Number of Hedge Funds: 119 (2021Q3)
Number of Hedge Funds: 108 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $11.3 billion
Percent of Hedge Funds with Long Positions: 12.9%
Q4 Return: 22.5%
Popularity Ranking (2024Q2): 15
Popularity Ranking (2024Q1): 8
Popularity Ranking (2023Q4): 10
Popularity Ranking (2023Q3): 11
Popularity Ranking (2023Q2): 12
Popularity Ranking (2023Q1): 9
Popularity Ranking (2022Q4): 11
Popularity Ranking (2022Q3): 11
Popularity Ranking (2022Q2): 10
Popularity Ranking (2022Q1): 10
Popularity Ranking (2021Q4): 12
Popularity Ranking (2021Q3): 11
Popularity Ranking (2021Q2): 15
Noteworthy Hedge Fund Shareholders: ValueAct, William Duhamel, Jeff Smith

Pixabay/Public Domain

15. Berkshire Hathaway Inc. (NYSE: BRK-B)

Number of Hedge Funds: 120 (2024Q3)
Number of Hedge Funds: 120 (2024Q2)
Number of Hedge Funds: 119 (2024Q1)
Number of Hedge Funds: 117 (2023Q4)
Number of Hedge Funds: 116 (2023Q3)
Number of Hedge Funds: 109 (2023Q2)
Number of Hedge Funds: 108 (2023Q1)
Number of Hedge Funds: 110 (2022Q4)
Number of Hedge Funds: 104 (2022Q3)
Number of Hedge Funds: 109 (2022Q2)
Number of Hedge Funds: 104 (2022Q1)
Number of Hedge Funds: 108 (2021Q4)
Number of Hedge Funds: 106 (2021Q3)
Number of Hedge Funds: 116 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $19.6 billion
Percent of Hedge Funds with Long Positions: 13.3%
Q4 Return: -0.2%
Popularity Ranking (2024Q2): 13
Popularity Ranking (2024Q1): 14
Popularity Ranking (2023Q4): 13
Popularity Ranking (2023Q3): 12
Popularity Ranking (2023Q2): 18
Popularity Ranking (2023Q1): 16
Popularity Ranking (2022Q4): 15
Popularity Ranking (2022Q3): 17
Popularity Ranking (2022Q2): 11
Popularity Ranking (2022Q1): 14
Popularity Ranking (2021Q4): 15
Popularity Ranking (2021Q3): 14
Popularity Ranking (2021Q2): 12
Noteworthy Hedge Fund Shareholders: Bill & Melinda Gates Foundation Trust

14. Netflix, Inc. (NASDAQ: NFLX)

Number of Hedge Funds: 121 (2024Q3)
Number of Hedge Funds: 103 (2024Q2)
Number of Hedge Funds: 107 (2024Q1)
Number of Hedge Funds: 89 (2023Q4)
Number of Hedge Funds: 102 (2023Q3)
Number of Hedge Funds: 114 (2023Q2)
Number of Hedge Funds: 108 (2023Q1)
Number of Hedge Funds: 117 (2022Q4)
Number of Hedge Funds: 115 (2022Q3)
Number of Hedge Funds: 95 (2022Q2)
Number of Hedge Funds: 109 (2022Q1)
Number of Hedge Funds: 113 (2021Q4)
Number of Hedge Funds: 106 (2021Q3)
Number of Hedge Funds: 113 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $12.8 billion
Percent of Hedge Funds with Long Positions: 13.4%
Q4 Return: 28.3%
Popularity Ranking (2024Q2): 21
Popularity Ranking (2024Q1): 21
Popularity Ranking (2023Q4): 31
Popularity Ranking (2023Q3): 23
Popularity Ranking (2023Q2): 14
Popularity Ranking (2023Q1): 17
Popularity Ranking (2022Q4): 12
Popularity Ranking (2022Q3): 12
Popularity Ranking (2022Q2): 19
Popularity Ranking (2022Q1): 13
Popularity Ranking (2021Q4): 10
Popularity Ranking (2021Q3): 15
Popularity Ranking (2021Q2): 13
Noteworthy Hedge Fund Shareholders: SRS Investment Management, Southpoint Capital Advisors

Copyright: lculig / 123RF Stock Photo

13. Adobe Inc. (NASDAQ: ADBE)

Number of Hedge Funds: 123 (2024Q3)
Number of Hedge Funds: 107 (2024Q2)
Number of Hedge Funds: 108 (2024Q1)
Number of Hedge Funds: 105 (2023Q4)
Number of Hedge Funds: 112 (2023Q3)
Number of Hedge Funds: 109 (2023Q2)
Number of Hedge Funds: 99 (2023Q1)
Number of Hedge Funds: 99 (2022Q4)
Number of Hedge Funds: 93 (2022Q3)
Number of Hedge Funds: 92 (2022Q2)
Number of Hedge Funds: 93 (2022Q1)
Number of Hedge Funds: 94 (2021Q4)
Number of Hedge Funds: 95 (2021Q3)
Number of Hedge Funds: 89 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $11.3 billion
Percent of Hedge Funds with Long Positions: 13.7%
Q4 Return: -13.4%
Popularity Ranking (2024Q2): 20
Popularity Ranking (2024Q1): 20
Popularity Ranking (2023Q4): 18
Popularity Ranking (2023Q3): 13
Popularity Ranking (2023Q2): 19
Popularity Ranking (2023Q1): 20
Popularity Ranking (2022Q4): 20
Popularity Ranking (2022Q3): 23
Popularity Ranking (2022Q2): 22
Popularity Ranking (2022Q1): 23
Popularity Ranking (2021Q4): 23
Popularity Ranking (2021Q3): 21
Popularity Ranking (2021Q2): 25
Noteworthy Hedge Fund Shareholders: Ken Fisher, Two Sigma

Copyright: photogearch / 123RF Stock Photo

12. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Funds: 128 (2024Q3)
Number of Hedge Funds: 130 (2024Q2)
Number of Hedge Funds: 115 (2024Q1)
Number of Hedge Funds: 91 (2023Q4)
Number of Hedge Funds: 87 (2023Q3)
Number of Hedge Funds: 72 (2023Q2)
Number of Hedge Funds: 72 (2023Q1)
Total Dollar Amount of Long Hedge Fund Positions: $14.5 billion
Percent of Hedge Funds with Long Positions: 14.2%
Q4 Return: 40.4%
Popularity Ranking (2024Q2): 12
Popularity Ranking (2024Q1): 15
Popularity Ranking (2023Q4): 26
Popularity Ranking (2023Q3): 30
Popularity Ranking (2023Q2): 60
Popularity Ranking (2023Q1): 61
Noteworthy Hedge Fund Shareholders: Cantillon Capital Management, Lyrical Asset Management

A technician working at a magnified microscope, developing a new integrated circuit.

11. Mastercard Incorporated (NYSE: MA)

Number of Hedge Funds: 131 (2024Q3)
Number of Hedge Funds: 142 (2024Q2)
Number of Hedge Funds: 148 (2024Q1)
Number of Hedge Funds: 141 (2023Q4)
Number of Hedge Funds: 140 (2023Q3)
Number of Hedge Funds: 139 (2023Q2)
Number of Hedge Funds: 138 (2023Q1)
Number of Hedge Funds: 139 (2022Q4)
Number of Hedge Funds: 146 (2022Q3)
Number of Hedge Funds: 137 (2022Q2)
Number of Hedge Funds: 136 (2022Q1)
Number of Hedge Funds: 144 (2021Q4)
Number of Hedge Funds: 146 (2021Q3)
Number of Hedge Funds: 156 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $17.1 billion
Percent of Hedge Funds with Long Positions: 14.6%
Q4 Return: 8.0%
Popularity Ranking (2024Q2): 11
Popularity Ranking (2024Q1): 10
Popularity Ranking (2023Q4): 8
Popularity Ranking (2023Q3): 9
Popularity Ranking (2023Q2): 9
Popularity Ranking (2023Q1): 8
Popularity Ranking (2022Q4): 7
Popularity Ranking (2022Q3): 7
Popularity Ranking (2022Q2): 7
Popularity Ranking (2022Q1): 8
Popularity Ranking (2021Q4): 7
Popularity Ranking (2021Q3): 6
Popularity Ranking (2021Q2): 6
Noteworthy Hedge Fund Shareholders: Akre Capital Management, Viking Global

Valeri Potapova / Shutterstock.com

10. Uber Technologies, Inc. (NYSE: UBER)

Number of Hedge Funds: 136 (2024Q3)
Number of Hedge Funds: 145 (2024Q2)
Number of Hedge Funds: 130 (2024Q1)
Number of Hedge Funds: 129 (2023Q4)
Number of Hedge Funds: 146 (2023Q3)
Number of Hedge Funds: 144 (2023Q2)
Number of Hedge Funds: 144 (2023Q1)
Number of Hedge Funds: 135 (2022Q4)
Number of Hedge Funds: 142 (2022Q3)
Number of Hedge Funds: 129 (2022Q2)
Number of Hedge Funds: 136 (2022Q1)
Number of Hedge Funds: 153 (2021Q4)
Number of Hedge Funds: 143 (2021Q3)
Number of Hedge Funds: 135 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $7.7 billion
Percent of Hedge Funds with Long Positions: 15.1%
Q4 Return: -19.3%
Popularity Ranking (2024Q2): 10
Popularity Ranking (2024Q1): 12
Popularity Ranking (2023Q4): 11
Popularity Ranking (2023Q3): 8
Popularity Ranking (2023Q2): 8
Popularity Ranking (2023Q1): 7
Popularity Ranking (2022Q4): 9
Popularity Ranking (2022Q3): 8
Popularity Ranking (2022Q2): 8
Popularity Ranking (2022Q1): 7
Popularity Ranking (2021Q4): 6
Popularity Ranking (2021Q3): 7
Popularity Ranking (2021Q2): 11
Noteworthy Hedge Fund Shareholders: Altimeter Capital Management, Point State Capital

GongTo/Shutterstock.com

9. Taiwan Semiconductor (NYSE:TSM)

Number of Hedge Funds: 158 (2024Q3)
Number of Hedge Funds: 156 (2024Q2)
Number of Hedge Funds: 135 (2024Q1)
Number of Hedge Funds: 105 (2023Q4)
Number of Hedge Funds: 107 (2023Q3)
Number of Hedge Funds: 121 (2023Q2)
Number of Hedge Funds: 102 (2023Q1)
Total Dollar Amount of Long Hedge Fund Positions: $20.4 billion
Percent of Hedge Funds with Long Positions: 17.6%
Q4 Return: 13.7%
Popularity Ranking (2024Q2): 9
Popularity Ranking (2024Q1): 11
Popularity Ranking (2023Q4): 17
Popularity Ranking (2023Q3): 19
Popularity Ranking (2023Q2): 13
Popularity Ranking (2023Q1): 19
Noteworthy Hedge Fund Shareholders: Lone Pine Capital, GQG Partners, Keywise Capital

A close-up of a complex network of integrated circuits used in logic semiconductors.

8.  Apple Inc. (NASDAQ: AAPL)

Number of Hedge Funds: 158 (2024Q3)
Number of Hedge Funds: 184 (2024Q2)
Number of Hedge Funds: 150 (2024Q1)
Number of Hedge Funds: 131 (2023Q4)
Number of Hedge Funds: 134 (2023Q3)
Number of Hedge Funds: 135 (2023Q2)
Number of Hedge Funds: 131 (2023Q1)
Number of Hedge Funds: 135 (2022Q4)
Number of Hedge Funds: 140 (2022Q3)
Number of Hedge Funds: 128 (2022Q2)
Number of Hedge Funds: 131 (2022Q1)
Number of Hedge Funds: 134 (2021Q4)
Number of Hedge Funds: 120 (2021Q3)
Number of Hedge Funds: 138 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $110 billion
Percent of Hedge Funds with Long Positions: 17.6%
Q4 Return: 12.3%
Popularity Ranking (2024Q2): 5
Popularity Ranking (2024Q1): 9
Popularity Ranking (2023Q4): 9
Popularity Ranking (2023Q3): 10
Popularity Ranking (2023Q2): 10
Popularity Ranking (2023Q1): 11
Popularity Ranking (2022Q4): 8
Popularity Ranking (2022Q3): 9
Popularity Ranking (2022Q2): 9
Popularity Ranking (2022Q1): 9
Popularity Ranking (2021Q4): 9
Popularity Ranking (2021Q3): 10
Popularity Ranking (2021Q2): 10
Noteworthy Hedge Fund Shareholders: Warren Buffett, Polar Capital

7.  Alphabet Inc. Class C (NASDAQ: GOOG)

Number of Hedge Funds: 160 (2024Q3)
Number of Hedge Funds: 165 (2024Q2)
Number of Hedge Funds: 165 (2024Q1)
Number of Hedge Funds: 166 (2023Q4)
Number of Hedge Funds: 163 (2023Q3)
Number of Hedge Funds: 152 (2023Q2)
Number of Hedge Funds: 155 (2023Q1)
Number of Hedge Funds: 152 (2022Q4)
Number of Hedge Funds: 156 (2022Q3)
Number of Hedge Funds: 153 (2022Q2)
Number of Hedge Funds: 160 (2022Q1)
Number of Hedge Funds: 158 (2021Q4)
Number of Hedge Funds: 156 (2021Q3)
Number of Hedge Funds: 155 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $18.6 billion
Percent of Hedge Funds with Long Positions: 17.8%
Q4 Return: 17.5%
Popularity Ranking (2024Q2): 7
Popularity Ranking (2024Q1): 7
Popularity Ranking (2023Q4): 6
Popularity Ranking (2023Q3): 7
Popularity Ranking (2023Q2): 7
Popularity Ranking (2023Q1): 6
Popularity Ranking (2022Q4): 6
Popularity Ranking (2022Q3): 6
Popularity Ranking (2022Q2): 6
Popularity Ranking (2022Q1): 5
Popularity Ranking (2021Q4): 5
Popularity Ranking (2021Q3): 5
Popularity Ranking (2021Q2): 7
Noteworthy Hedge Fund Shareholders: Chris Hohn, Seth Klarman

6.  Visa Inc. (NYSE: V)

Number of Hedge Funds: 165 (2024Q3)
Number of Hedge Funds: 163 (2024Q2)
Number of Hedge Funds: 166 (2024Q1)
Number of Hedge Funds: 162 (2023Q4)
Number of Hedge Funds: 167 (2023Q3)
Number of Hedge Funds: 171 (2023Q2)
Number of Hedge Funds: 173 (2023Q1)
Number of Hedge Funds: 177 (2022Q4)
Number of Hedge Funds: 165 (2022Q3)
Number of Hedge Funds: 166 (2022Q2)
Number of Hedge Funds: 159 (2022Q1)
Number of Hedge Funds: 142 (2021Q4)
Number of Hedge Funds: 143 (2021Q3)
Number of Hedge Funds: 162 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $27 billion
Percent of Hedge Funds with Long Positions: 18.3%
Q4 Return: 15.8%
Popularity Ranking (2024Q2): 8
Popularity Ranking (2024Q1): 6
Popularity Ranking (2023Q4): 7
Popularity Ranking (2023Q3): 6
Popularity Ranking (2023Q2): 6
Popularity Ranking (2023Q1): 5
Popularity Ranking (2022Q4): 5
Popularity Ranking (2022Q3): 5
Popularity Ranking (2022Q2): 5
Popularity Ranking (2022Q1): 6
Popularity Ranking (2021Q4): 8
Popularity Ranking (2021Q3): 8
Popularity Ranking (2021Q2): 5
Noteworthy Hedge Fund Shareholders: Chris Hohn, Warren Buffett

JMiks / Shutterstock.com

5. NVIDIA Corporation (NVDA)

Number of Hedge Funds: 193 (2024Q3)
Number of Hedge Funds: 179 (2024Q2)
Number of Hedge Funds: 186 (2024Q1)
Number of Hedge Funds: 173 (2023Q4)
Number of Hedge Funds: 180 (2023Q3)
Number of Hedge Funds: 175 (2023Q2)
Number of Hedge Funds: 132 (2023Q1)
Number of Hedge Funds: 106 (2022Q4)
Number of Hedge Funds: 89 (2022Q3)
Number of Hedge Funds: 84 (2022Q2)
Number of Hedge Funds: 102 (2022Q1)
Number of Hedge Funds: 110 (2021Q4)
Number of Hedge Funds: 83 (2021Q3)
Total Dollar Amount of Long Hedge Fund Positions: $49.1 billion
Percent of Hedge Funds with Long Positions: 21.4%
Q4 Return:12.9%
Popularity Ranking (2024Q2): 6
Popularity Ranking (2024Q1): 5
Popularity Ranking (2023Q4): 5
Popularity Ranking (2023Q3): 5
Popularity Ranking (2023Q2): 5
Popularity Ranking (2023Q1): 10
Popularity Ranking (2022Q4): 17
Popularity Ranking (2022Q3): 32
Popularity Ranking (2022Q2): 28
Popularity Ranking (2022Q1): 16
Popularity Ranking (2021Q4): 13
Popularity Ranking (2021Q3): 29
Popularity Ranking (2021Q2): 33
Noteworthy Hedge Fund Shareholders: Appaloosa, Marshall Wace, Blue Whale Capital

Photo by Christian Wiediger on Unsplash

4.  Alphabet Inc. Class A (NASDAQ: GOOGL)

Number of Hedge Funds: 202 (2024Q3)
Number of Hedge Funds: 216 (2024Q2)
Number of Hedge Funds: 222 (2024Q1)
Number of Hedge Funds: 214 (2023Q4)
Number of Hedge Funds: 221 (2023Q3)
Number of Hedge Funds: 204 (2023Q2)
Number of Hedge Funds: 204 (2023Q1)
Number of Hedge Funds: 209 (2022Q4)
Number of Hedge Funds: 196 (2022Q3)
Number of Hedge Funds: 191 (2022Q2)
Number of Hedge Funds: 205 (2022Q1)
Number of Hedge Funds: 209 (2021Q4)
Number of Hedge Funds: 195 (2021Q3)
Number of Hedge Funds: 190 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $32.4 billion
Percent of Hedge Funds with Long Positions: 22.4%
Q4 Return: 17.7%
Popularity Ranking (2024Q2): 4
Popularity Ranking (2024Q1): 4
Popularity Ranking (2023Q4): 4
Popularity Ranking (2023Q3): 4
Popularity Ranking (2023Q2): 4
Popularity Ranking (2023Q1): 4
Popularity Ranking (2022Q4): 3
Popularity Ranking (2022Q3): 3
Popularity Ranking (2022Q2): 3
Popularity Ranking (2022Q1): 3
Popularity Ranking (2021Q4): 3
Popularity Ranking (2021Q3): 4
Popularity Ranking (2021Q2): 4
Noteworthy Hedge Fund Shareholders: Chris Hohn, Abrams Capital

Asif Islam / Shutterstock.com

3. Meta Platforms, Inc. (NASDAQ: META)

Number of Hedge Funds: 235 (2024Q3)
Number of Hedge Funds: 219 (2024Q2)
Number of Hedge Funds: 246 (2024Q1)
Number of Hedge Funds: 242 (2023Q4)
Number of Hedge Funds: 234 (2023Q3)
Number of Hedge Funds: 225 (2023Q2)
Number of Hedge Funds: 220 (2023Q1)
Number of Hedge Funds: 194 (2022Q4)
Number of Hedge Funds: 177 (2022Q3)
Number of Hedge Funds: 185 (2022Q2)
Number of Hedge Funds: 200 (2022Q1)
Number of Hedge Funds: 224 (2021Q4)
Number of Hedge Funds: 248 (2021Q3)
Number of Hedge Funds: 266 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $52 billion
Percent of Hedge Funds with Long Positions: 26.1%
Q4 Return: 5.8%
Popularity Ranking (2024Q2): 3
Popularity Ranking (2024Q1): 3
Popularity Ranking (2023Q4): 3
Popularity Ranking (2023Q3): 3
Popularity Ranking (2023Q2): 3
Popularity Ranking (2023Q1): 3
Popularity Ranking (2022Q4): 4
Popularity Ranking (2022Q3): 4
Popularity Ranking (2022Q2): 4
Popularity Ranking (2022Q1): 4
Popularity Ranking (2021Q4): 3
Popularity Ranking (2021Q3): 2
Popularity Ranking (2021Q2): 2
Noteworthy Hedge Fund Shareholders: Tiger Global, Harvard Management, Alkeon Capital

2.  Microsoft Corporation (NASDAQ: MSFT)

Number of Hedge Funds: 279 (2024Q3)
Number of Hedge Funds: 279 (2024Q2)
Number of Hedge Funds: 293 (2024Q1)
Number of Hedge Funds: 302 (2023Q4)
Number of Hedge Funds: 306 (2023Q3)
Number of Hedge Funds: 300 (2023Q2)
Number of Hedge Funds: 289 (2023Q1)
Number of Hedge Funds: 259 (2022Q4)
Number of Hedge Funds: 269 (2022Q3)
Number of Hedge Funds: 258 (2022Q2)
Number of Hedge Funds: 259 (2022Q1)
Number of Hedge Funds: 262 (2021Q4)
Number of Hedge Funds: 250 (2021Q3)
Number of Hedge Funds: 238 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $91 billion
Percent of Hedge Funds with Long Positions: 31.0%
Q4 Return: 0.6%
Popularity Ranking (2024Q2): 2
Popularity Ranking (2024Q1): 2
Popularity Ranking (2023Q4): 1
Popularity Ranking (2023Q3): 1
Popularity Ranking (2023Q2): 1
Popularity Ranking (2023Q1): 1
Popularity Ranking (2022Q4): 1
Popularity Ranking (2022Q3): 1
Popularity Ranking (2022Q2): 1
Popularity Ranking (2022Q1): 2
Popularity Ranking (2021Q4): 2
Popularity Ranking (2021Q3): 1
Popularity Ranking (2021Q2): 3
Noteworthy Hedge Fund Shareholders: Tiger Global, Chris Hohn, Soroban Capital

1.  Amazon.com, Inc. (NASDAQ: AMZN)

Number of Hedge Funds: 286 (2024Q3)
Number of Hedge Funds: 308 (2024Q2)
Number of Hedge Funds: 302 (2024Q1)
Number of Hedge Funds: 293 (2023Q4)
Number of Hedge Funds: 286 (2023Q3)
Number of Hedge Funds: 278 (2023Q2)
Number of Hedge Funds: 243 (2023Q1)
Number of Hedge Funds: 240 (2022Q4)
Number of Hedge Funds: 269 (2022Q3)
Number of Hedge Funds: 252 (2022Q2)
Number of Hedge Funds: 271 (2022Q1)
Number of Hedge Funds: 279 (2021Q4)
Number of Hedge Funds: 242 (2021Q3)
Number of Hedge Funds: 271 (2021Q2)
Total Dollar Amount of Long Hedge Fund Positions: $53.1 billion
Percent of Hedge Funds with Long Positions: 31.8%
Q4 Return: 19%
Popularity Ranking (2024Q2): 1
Popularity Ranking (2024Q1): 1
Popularity Ranking (2023Q4): 2
Popularity Ranking (2023Q3): 2
Popularity Ranking (2023Q2): 2
Popularity Ranking (2023Q1): 2
Popularity Ranking (2022Q4): 2
Popularity Ranking (2022Q3): 2
Popularity Ranking (2022Q2): 2
Popularity Ranking (2022Q1): 1
Popularity Ranking (2021Q4): 1
Popularity Ranking (2021Q3): 3
Popularity Ranking (2021Q2): 1
Noteworthy Hedge Fund Shareholders: Skye Global Management, Warren Buffett, Al Gore

While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

Please also see Hedge Fund Investor Letters 2024 Q3 and 10 Stocks Jim Cramer and Hedge Funds are Piling Into.

Disclosure: I own large positions in some of these stocks but you can assume that there are conflicts of interest and I have an incentive to write favorably about all of these stocks and hedge funds.