5 Best Low Risk High Growth Stocks to Buy Now

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1. The Charles Schwab Corporation (NYSE:SCHW)

Number of Hedge Fund Holders: 87

The Charles Schwab Corporation (NYSE:SCHW) shares have gained about 11% over the past 30 days. As of the end of the first quarter of 2023, 87 hedge funds out of the 943 funds in Insider Monkey’s database had stakes in The Charles Schwab Corporation (NYSE:SCHW). The biggest stakeholder of The Charles Schwab Corporation (NYSE:SCHW) during this period was David Blood and Al Gore’s Generation Investment Management which owns a $527 million shares in the company.

The Charles Schwab Corporation (NYSE:SCHW) recently posted strong Q2 results. Adjusted EPS in the period came in at $0.75, beating estimates by $0.04.

Weitz Partners III Opportunity Fund made the following comment about The Charles Schwab Corporation (NYSE:SCHW) in its second quarter 2023 investor letter:

“Lastly, we elected to sell our shares of The Charles Schwab Corporation (NYSE:SCHW) as the regional bank crisis unfolded during the first quarter. That sale crystalized underperformance that will likely linger on our top detractor list as we move through the year, despite no longer impacting our forward-looking performance.”

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