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.


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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.

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