In this article, we will look at the 10 Best Performing Tech Stocks According to Hedge Funds.
On July 29, Brian Nick, Head of Portfolio Strategy at NewEdge Wealth, joined CNBC for an interview to discuss technology sector resilience despite signs of market froth. Nick noted that if we analyze the S&P 500’s performance in relation to the market-based recession odds for 2025, we see that the relation is inverted. As the recession odds went up in April, the markets were tanking; however, as soon as the recession odds came down, the markets have been rallying ever since. The decrease in recession odds has mainly been either due to a pullback in tariffs or simply because the market has learned to live with 10% to 15% tariffs across the board.
While addressing the concerns that the market has hit a ceiling in terms of reaching all-time highs, Nick noted that the signs of market froth have been everywhere. If we think that a lot of rally in the market is driven by a decrease in the recession odds, this metric can only decrease to a certain point. However, if we see the market rising despite these movements, it shows that the rally is driven by strong earnings.
Lastly, while talking about the technology sector, Nick highlighted that tech has been one of the sectors that has been resistant to the secular slowdown. For instance, if we are seeing weakness in consumer and labor market data, the technology sector has been able to move past that very easily. Moreover, this sector has also been a major beneficiary of the tariff scaling back news. He noted that a few bumps for the sector are possible as we continue to see new trade deals; however, these companies are posting better-than-expected earnings, which is driving the market higher.
With that, let’s take a look at the 10 best-performing tech stocks according to hedge funds.
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Our Methodology
To curate the list of 10 best-performing tech stocks according to hedge funds, we used the Finviz stock screener and aggregated a list of tech stocks that have gained more than 40% over the past 6 months. Next, we ranked these stocks in ascending order of the number of hedge fund holders sourced from Insider Monkey’s Q1 2025 database. Please note that the data was collected on July 28, 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Best Performing Tech Stocks According to Hedge Funds
10. AST SpaceMobile, Inc. (NASDAQ:ASTS)
6-month performance: 169.79%
Number of Hedge Fund Holders: 22
AST SpaceMobile, Inc. (NASDAQ:ASTS) is one of the Best Performing Tech Stocks According to Hedge Funds. On July 7, Roth Capital raised the firm’s price target on AST SpaceMobile, Inc. (NASDAQ:ASTS) from $42 to $51, while maintaining a Buy rating on the stocks.
The analyst noted that the improving competitive landscape and positive news flow for the company has caused the stock to surge 89% since the firm initiated its coverage. Moreover, the firm also highlighted that the T-Mobile’s news that 1.8 million people registered for Starlink’s direct-to-device text service is a positive news for AST SpaceMobile, Inc. (NASDAQ:ASTS) as it indicates inferior and more expensive service from its competitors. The firm believes that the $10 pricing from the company’s competitor makes AST SpaceMobile, Inc.’s (NASDAQ:ASTS) more attractive and also validates its market opportunity for direct-to-device satellite services.
AST SpaceMobile, Inc. (NASDAQ:ASTS) is a technology company developing a global space-based cellular broadband network using low Earth orbit satellites.
9. Oddity Tech Ltd. (NASDAQ:ODD)
6-month performance: 52.32%
Number of Hedge Fund Holders: 23
Oddity Tech Ltd. (NASDAQ:ODD) is one of the Best Performing Tech Stocks According to Hedge Funds. On July 16, Anna Lizzul from Bank of America Securities reiterated a Buy rating on Oddity Tech Ltd. (NASDAQ:ODD) with a price target of $80.
The analyst highlighted the company’s strong market position and growth potential as driving factors behind her bullish sentiment. She noted that the company uses a proprietary technology for product recommendations, which helps it benefit from the growing shift to online beauty sales. Lizzul noted Oddity Tech Ltd.’s (NASDAQ:ODD) direct-to-consumer model as one of the key strategic edges.
Moreover, its brands, including Il Makiage and SpoiledChild, show strong momentum on search channels, indicating that they are expected to remain popular. On top of this, the company also plans to launch new brands and expand internationally.
Oddity Tech Ltd. (NASDAQ:ODD) operates a tech platform in the beauty and wellness sector, focusing on personalized products.
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