Hedge Funds Continue to Load Up on These 5 Growth Stocks Despite Recession Fears

1. Switch, Inc. (NYSE:SWCH)

Number of Hedge Fund Holders in Q2 2022: 31 

Number of Hedge Fund Holders in Q1 2022: 14     

Switch, Inc. (NYSE:SWCH) provides internet services and related infrastructure. The firm has a reliable dividend profile. Over the past three years, it has consistently paid a dividend to shareholders. These payouts have also registered consistent growth during this time. The sector median in this regard is just two years. On August 18, the firm declared a quarterly dividend of $0.0525 per share, in line with previous. The forward yield was 0.62%. The dividend if payable to shareholders by early September.  

Switch, Inc. (NYSE:SWCH) is based in Las Vegas and provides tech solutions to network and telecommunications providers. These include cloud, information technology, and software products, among other solutions. 

Among the hedge funds being tracked by Insider Monkey, Florida-based investment firm Pentwater Capital Management is a leading shareholder in Switch, Inc. (NYSE:SWCH), with 6.5 million shares worth more than $218 million.  

You can also take a peek at 13 Best Hemp Stocks to Buy Now and Billionaire Dan Loeb’s Top 10 Stock Picks.

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