In this piece, we will take a look at the five best high volume stocks to buy according to hedge funds. If you want to to take a detailed look at some high volume stocks and recent stock market developments, then read 10 Best High Volume Stocks To Buy According to Hedge Funds.
5. The Boeing Company (NYSE:BA)
Number of Hedge Fund Investors In Q4 2023: 69
Average 3 Month Trading Volume: 8.68 million
The Boeing Company (NYSE:BA) is one of the biggest commercial aviation and defense contractors in the world. The fact that it’s a high volume stock is unsurprising given recent troubles with its aircraft which once again came into the spotlight in April 2024 after fresh government investigations in the aftermath of a new whistleblower coming forward.
During December 2023, 69 out of the 933 hedge funds profiled by Insider Monkey had bought and owned The Boeing Company (NYSE:BA)’s shares. Ken Fisher’s Fisher Asset Management was the biggest investor due to its $1 billion stake.
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Follow Boeing Co (NYSE:BA)
4. PDD Holdings Inc. (NASDAQ:PDD)
Number of Hedge Fund Investors In Q4 2023: 71
Average 3 Month Trading Volume: 8.68 million
PDD Holdings Inc. (NASDAQ:PDD) is a Chinese eCommerce company based in Dublin, Ireland. It’s one of the strongest rated stocks on our list, as the shares are rated Strong Buy on average with the average analyst share price target being $179.25.
As of Q4 2023 end, 71 out of the 933 hedge funds profiled by Insider Monkey had held a stake in the firm. PDD Holdings Inc. (NASDAQ:PDD)’s largest stakeholder among these is Lei Zhang’s Hillhouse Capital Management since it owns $1.4 billion worth of shares.
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Follow Pinduoduo Inc. (NASDAQ:PDD)
3. QUALCOMM Incorporated (NASDAQ:QCOM)
Number of Hedge Fund Investors In Q4 2023: 78
Average 3 Month Trading Volume: 8.68 million
QUALCOMM Incorporated (NASDAQ:QCOM) is one of the biggest semiconductor designers in the world when it comes to smartphone hardware. Its shares saw favorable attention from Keybanc in April 2024 as the firm raised QUALCOMM Incorporated (NASDAQ:QCOM)’s share price target to $205 from $180 and kept an Overweight rating on the back of favorable positioning for AI.
By the end of last year’s fourth quarter, 78 out of the 933 hedge funds covered by Insider Monkey were the firm’s shareholders. John Overdeck And David Siegel’s Two Sigma Advisors is QUALCOMM Incorporated (NASDAQ:QCOM)’s biggest investor in our database through its $431 million investment.
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Follow Qualcomm Inc (NASDAQ:QCOM)
2. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Investors In Q4 2023: 100
Average 3 Month Trading Volume: 8.68 million
Oracle Corporation (NYSE:ORCL) is an enterprise resource planning technologies provider based in Austin, Texas. The shares are rated Buy on average, and the average analyst share price target is $140.
Insider Monkey dug through 933 hedge fund holdings for 2023’s final quarter to find that 100 had bought Oracle Corporation (NYSE:ORCL)’s shares. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital owned the most shares, which were worth $1.9 billion.
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Follow Oracle Corp (NYSE:ORCL)
1. JPMorgan Chase & Co. (NYSE:JPM)
Number of Hedge Fund Investors In Q4 2023: 103
Average 3 Month Trading Volume: 8.68 million
JPMorgan Chase & Co. (NYSE:JPM) is the biggest private bank in the world in terms of net assets. This provides its management with a bird’s eye view of all global affairs, and CEO Jamie Dimon’s recent remarks of higher interest rates over the next decade or so appear prescient after the red hot March 2024 inflation print.
103 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had invested in the bank. Ken Fisher’s Fisher Asset Management is the biggest JPMorgan Chase & Co. (NYSE:JPM) in our database as it holds a $2 billion stake.
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Follow Jpmorgan Chase & Co (NYSE:JPM)
Disclosure: None. You can also take a look at the 20 Most Populated Counties in the US and Warren Buffett’s Portfolio: 15 Longest Held Stocks.
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