Hedge Fund Favorites Continue to Shine in April

Healthcare giants Johnson & Johnson and UnitedHealth rebounded last month, while other popular stocks continued to outperform.

Illustration by II

Illustration by II

Of the 15 stocks most widely held by hedge funds, all but one outpaced the major market indices in April.

Shares of the 15 companies — identified by the SEI Novus database as those with the most hedge fund ownership as of December 31 — gained an average of 4.43

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