PayPal, Netflix Top the List of Hedge Fund Favorites

Here’s a look at the stocks that attracted the most new interest from hedge funds in the third quarter — and the 15 most popular stocks overall.

Illustration by II

Illustration by II

PayPal Holdings and streaming giant Netflix attracted the largest number of new hedge fund investors in the third quarter.

At least 54 hedge funds established new positions in PayPal, while just 21 fully exited, for a net gain of 33 hedge fund investors, according to an analysis of the data from SEI Novus, which has compiled perhaps the most comprehensive database of hedge fund holdings.

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