Top Hedge Funds are Selling These 5 Stocks

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1. Guardant Health, Inc. (NASDAQ:GH)

Number of Hedge Fund Holders in Q3: 31  

Number of Hedge Fund Holders in Q2: 49    

Guardant Health, Inc. (NASDAQ:GH) is a precision oncology firm based in California. The stock had slumped after reports indicated that the company was considering the purchase of NeoGenomics, a cancer lab operator, earlier this year. 

However, Guardant Health, Inc. (NASDAQ:GH) decided against the purchase in October. The company missed market estimates on earnings per share for the third quarter by $0.12 but beat on revenue by $2 million. 

Among the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Viking Global is a leading shareholder in Guardant Health, Inc. (NASDAQ:GH) with 4.8 million shares worth more than $611 million. 

You can also take a peek at 10 Reddit’s WallStreetBets Meme Stocks Hedge Funds are Piling Into and 10 Biggest Hedge Fund Casualties of Reddit WallStreetBets’ Short Squeezes.

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