5 Best Music Stocks to Buy Now

3. NetEase, Inc. (NASDAQ:NTES)

Number of Hedge Fund Investors In Q4 2022: 31

NetEase, Inc. (NASDAQ:NTES) is a Chinese company headquartered in Hangzhou, China. It has a cloud music streaming division called Cloud Music, which has tens of millions of songs and hundreds of thousands of music items in its portfolio.

Insider Monkey dug through 943 hedge fund portfolios for 2022’s December quarter and found out that 31 had held a stake in NetEase, Inc. (NASDAQ:NTES). Out of these, William B. Gray’s Orbis Investment Management is the firm’s largest investor since it owns 4.6 million shares that are worth $334 million.

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