Heading into the third quarter of 2021, a total of 41 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 21% from the previous quarter.
Do Hedge Funds Think SNPS Is A Good Stock To Buy Now? With all of this in mind we're going to take a peek at the fresh hedge fund action surrounding Synopsys, Inc.
#Synopsys, inc free#
You can subscribe to our free daily newsletter on our homepage. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. For example, lithium prices have more than doubled over the past year, so we are checking out stock pitches like this emerging lithium stock. That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.ĭavid Blood of Generation Investment ManagementĪt Insider Monkey, we scour multiple sources to uncover the next great investment idea. Why do we pay any attention at all to hedge fund sentiment? Our research has shown that a select group of hedge fund holdings outperformed the S&P 500 ETFs by 79 percentage points since March 2017 ( see the details here).
There were 34 hedge funds in our database with SNPS holdings at the end of March. Our calculations also showed that SNPS isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). The all time high for this statistic is 45. (NASDAQ: SNPS) was in 41 hedge funds' portfolios at the end of June. The number of bullish hedge fund bets rose by 7 recently. (NASDAQ: SNPS) a bargain? The best stock pickers were taking a bullish view. With the second-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the third quarter of 2021.
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