5 Stocks The Best Performing Hedge Funds Are Piling Into

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Lastly is NetEase Inc (ADR) (NASDAQ:NTES), which bucks the trend of healthcare stocks but does not buck the trend of strong performance in 2017, as its shares have gained over 31% year-to-date. Larry Chen and Terry Zhang’s Tairen Capital bought 108,932 shares of the stock during the final quarter of 2016, giving it 130,232 shares in total, while Alex Sacerdote’s Whale Rock Capital bought 46,887 shares, ending 2016 with 312,778 shares of the stock.

NetEase Inc (ADR) (NASDAQ:NTES) is one of the largest providers of online gaming and other online services in China, which includes publishing some of Activision Blizzard, Inc. (NASDAQ:ATVI)’s popular games in the country. It also scored the Chinese publishing rights to Microsoft Corporation (NASDAQ:MSFT)’s Minecraft for five years, which could be a huge coup for the company, given Minecraft’s 100 million-strong global userbase. NetEase has also made a stronger push into the Western gaming world as well, localizing several online and mobile titles, including the strategy game Immortal Conquest and the action-RPG Eternal Arena. NetEase Inc (ADR) (NASDAQ:NTES)’s revenue jumped by 34.8% in 2016, while its net income shot up by 39.81%. The company plans to release 29 games in China this year.

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