Can Hedge Funds See Into The Future?

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  1. Apple Inc. (NASDAQ:AAPL)
  2. Hedge fund investment in Apple Inc. (NASDAQ:AAPL) as of December 31, 2013: 160 hedge funds, including Carl Icahn’s Icahn Capital and Ken Griffin’s Citadel Investment Group.

    Stock price as of February 28, 2014*: $74.59

    Stock price three years later (February 28, 2017): $136.99

    Stock price growth: 83.66%

    Hedge fund investment as of March 31, 2017: 113 hedge funds, with aggregate holdings of $30.91 billion.

    Apple, is AAPL a good stock to buy, Apple Inc (AAPL)

    So, “can hedge funds see into the future?” Their top consensus picks performed well on the whole, beating the market despite the terrible performance of Hertz. Ultimately, that’s the primary way to judge investing success, so we have to conclude that when it comes to stocks, hedge funds do have a strong collective knack for envisioning future stock performance.

    *Value adjusted to reflect the company’s stock split on June 9, 2014.

    Follow Apple Inc. (NASDAQ:AAPL)

    Disclosure: None

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