5 Most Promising Future Stocks To Buy According To Hedge Funds

In this piece, we will take a look at the five most promising stocks to buy according to hedge funds. If you want to learn more about how the future and investing are interlinked, check out 13 Most Promising Future Stocks To Buy According To Hedge Funds.

5. KE Holdings Inc. (NYSE:BEKE)

Number of Hedge Fund Investors During Q3 2023: 37

KE Holdings Inc. (NYSE:BEKE) is a sizeable Chinese company that enables people to buy and sell homes online and through sales agents. JP Morgan started out the year on a strong note for the company by upgrading the stock to Overweight in January and maintaining the rating in April.

As of Q3 2023 end, 37 out of the 910 hedge funds part of Insider Monkey’s database had bought and owned KE Holdings Inc. (NYSE:BEKE) ‘s shares. Lei Zhang’s Hillhouse Capital Management was the firm’s biggest investor due to its $475.9 million investment.

4. Jazz Pharmaceuticals plc (NASDAQ:JAZZ)

Number of Hedge Fund Investors During Q3 2023: 40

Jazz Pharmaceuticals plc (NASDAQ:JAZZ) is an Ireland based biotechnology company that develops treatments for sleep disorders and other ailments. Its shares are rated Strong Buy on average and analysts have set an average share price target of $191.18.

During this year’s September quarter, 40 out of the 910 hedge funds covered by Insider Monkey’s research were the firm’s investors. Jazz Pharmaceuticals plc (NASDAQ:JAZZ)’s largest hedge fund shareholder is Robert Pohly’s Samlyn Capital as it owns $175 million worth of shares.

3. Lantheus Holdings, Inc. (NASDAQ:LNTH)

Number of Hedge Fund Investors During Q3 2023: 44

Lantheus Holdings, Inc. (NASDAQ:LNTH) is a high end medical company that enables doctors and others to diagnose and treat cancer. December 2023 was a good month for the firm and its investors since its trial of a prostrate cancer treatment yielded favorable results.

Insider Monkey scoured through 910 hedge fund portfolios for their third quarter of 2023 shareholdings and found 44 Lantheus Holdings, Inc. (NASDAQ:LNTH) stakeholders. Out of these, the biggest investor is Thomas Steyer’s Farallon Capital courtesy of its $111 million stake.

2. JD.com, Inc. (NASDAQ:JD)

Number of Hedge Fund Investors During Q3 2023: 53

JD.com, Inc. (NASDAQ:JD) is a Chinese retailer headquartered in Beijing, China. In a breath of fresh air, its founder displayed a bit of candor in December 2023 when he acknowledged in a memo to employees that JD.com, Inc. (NASDAQ:JD) needed to tighten the belt and cut the fat.

For their September quarter of 2023 shareholdings, 53 out of the 910 hedge funds part of Insider Monkey’s database had invested in the company. JD.com, Inc. (NASDAQ:JD)’s largest shareholder is Chase Coleman and Feroz Dewan’s Tiger Global Management LLC due to its $287 million investment.

1. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Investors During Q3 2023: 110

Alibaba Group Holding Limited (NYSE:BABA) is the well known Chinese eCommerce firm. The firm’s investors finally found a reason to celebrate in December 2023 when the Chinese government announced a multi billion dollar capital injection into the banking sector to help stimulate economic growth.

110 out of the 910 hedge funds covered by Insider Monkey’s research during Q3 2023 were Alibaba Group Holding Limited (NYSE:BABA)’s investors. Ken Fisher’s Fisher Asset Management was the biggest investor since it owned 3.8 million shares that are worth $334 million.

Disclosure: None. You can also take a look at 25 Cities With The Hottest Guys In The World and 10 Best Sectors To Invest In Long-Term.

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