These Two Stocks Just Gained a Lot of Hedge Fund Owners
SEI Novus’s data shows that several stocks moved up sharply in the second quarter, while two holdings fell out of the rankings altogether.
Hedge funds piled into two semiconductor giants in the second quarter.
To the surprise of almost no one, 63 managers made new investments in Nvidia, the high-flying artificial intelligence leader whose stock tripled in the first half of the year.
According to an analysis of the database produced by SEI Novus, a technology and investment solutions provider that offers comprehensive data on quarterly hedge fund holdings, just seven managers fully exited Nvidia, for a net gain of 56 new investors.