5 Best NASDAQ Stocks Under $20

2. First Citizens BancShares, Inc. (NASDAQ:FCNCP)

Number of Hedge Fund Investors In Q1 2023: 45

First Citizens BancShares, Inc. (NASDAQ:FCNCP) is a regional bank that is more than a century old. It has a strong track record of waiting and then expanding by acquiring banks that stretch themselves too much during financial turmoil. For instance, it bought the defunct Silicon Valley Bank earlier this year; a decision that made it the second most profitable bank in America as of Q1 2023.

During the same time period, 45 out of the 943 hedge funds surveyed by Insider Monkey were perhaps wise enough to have invested in the bank’s Class A stock traded as First Citizens BancShares, Inc. (NASDAQ:FCNCA). Out of these, the wisest is John Armitage’s Egerton Capital Limited with a $586 million investment.