Looking At The Long-Term Performance of Hedge Funds’ Popular Picks from 2015

Internet search giant Google, now restructured under the umbrella holding company Alphabet Inc (NASDAQ:GOOGL), was a stock held by hundreds of hedge funds at the end of the first quarter of 2015. At that time, 121 funds reported holding around $7.36 billion worth of Google’s class A stock, while 108 investors disclosed long positions worth $6.88 billion in its class C stock (some funds owned both classes of shares).

Those investors have been rewarded handsomely, with gains of 79.72% over the two-year period, from $549.21 on May 31, 2015, to $987.09 two years later. The tech giant’s stock even hit $1,000 in early June-2017, before sinking to around $950 after the company was hit with a billion-euro antitrust fine, although that’s probably not a big deal to the satisfied investors who bought in two or more years ago. Hedge funds are as bullish as ever on Google, with 135 funds long its class A shares and 117 long its class C shares at the end of March, 2017.

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