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.
8. Dave Inc. (NASDAQ:DAVE)
6-month performance: 125.73%
Number of Hedge Fund Holders: 24
Dave Inc. (NASDAQ:DAVE) is one of the Best Performing Tech Stocks According to Hedge Funds. On July 14, Mark Palmer of Benchmark Co. reiterated a Buy rating on Dave Inc. (NASDAQ:DAVE) with a price target of $320.
The company’s stock price dropped by 20.60% over the past month after JPMorgan Chase said it would charge data aggregators like Plaid for bank data access. Palmer believes that this drop was an overreaction as these changes will not impact the company’s profit margins even if Plaid passes the cost to Dave Inc. (NASDAQ:DAVE).
Palmer also highlighted that the company has changed its method of making money from ExtraCash advances and has moved to a mandatory fee. This move has increased the average revenue per user, and despite the increased fee, the demand has stayed strong. The analyst finds the current stock price attractively valued as the company is cheaper than other fintech names in the market.
Dave Inc. (NASDAQ:DAVE) is a fintech company that offers mobile-first banking services designed to help underserved consumers manage their money.
7. StoneCo Ltd. (NASDAQ:STNE)
6-month performance: 51.36%
Number of Hedge Fund Holders: 30
StoneCo Ltd. (NASDAQ:STNE) is one of the Best Performing Tech Stocks According to Hedge Funds. On July 22, StoneCo Ltd. (NASDAQ:STNE) announced its divestment plan through which it will sell most of its software segment, including Linx and other related assets, to TOTVS for R$3.41 billion.
The assets included in the announcement account for almost 79% of the segment’s 2024 revenue. While this deal is subject to regulatory approvals, the company has completed the sale of its veterinary software SimplesVet to PetLove for R$140 million. After the sales of these assets, the company will retain a few software businesses which it plans to sell in the future. Management noted that this is a strategic move to focus more on its core business. The company noted that the utilization plan for the proceeds would be announced after the deals close.
StoneCo Ltd. (NASDAQ:STNE) is a financial technology company that provides cloud-based payment and software solutions.
6. GDS Holdings Limited (NASDAQ:GDS)
6-month performance: 67.49%
Number of Hedge Fund Holders: 36
GDS Holdings Limited (NASDAQ:GDS) is one of the Best Performing Tech Stocks According to Hedge Funds. On July 16, GDS Holdings Limited (NASDAQ:GDS) announced its successful completion of the China REIT IPO on the Shanghai Stock Exchange.
The offering saw overwhelming demand, with institutional investors oversubscribing by 166 times and retail investors by 456 times, prompting an early closure of the retail tranche. Management noted that the C-REIT is set to begin trading under the fund code 508060 in early August.
GDS Holdings Limited (NASDAQ:GDS) is a tech company that develops and operates high-performance data centers in China. They provide colocation services, offering space, power, racks, and cooling for IT equipment.
5. TTM Technologies, Inc. (NASDAQ:TTMI)
6-month performance: 87.30%
Number of Hedge Fund Holders: 36
TTM Technologies, Inc. (NASDAQ:TTMI) is one of the Best Performing Tech Stocks According to Hedge Funds. On July 16, B. Riley raised the firm’s price target on TTM Technologies, Inc. (NASDAQ:TTMI) from $36 to $50, while keeping a Buy rating on the stock.
The rating comes ahead of the company’s Q2 report scheduled for July 30. The firm expects strong results from the company’s data-center and networking verticals, driven by robust defense budget spending and continued investments in generative AI.
Management of TTM Technologies, Inc. (NASDAQ:TTMI) expects Q2 2025 revenue to be between the range of $650 million and $690 million, with non-GAAP net income per share to be in the range of $0.49 to $0.55.
TTM Technologies, Inc. (NASDAQ:TTMI) specializes in advanced technology solutions, including printed circuit boards, mission systems, radio frequency components, and microwave and microelectronic assemblies.
4. Super Micro Computer, Inc. (NASDAQ:SMCI)
6-month performance: 93.29%
Number of Hedge Fund Holders: 40
Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the Best Performing Tech Stocks According to Hedge Funds. On July 16, Super Micro Computer, Inc. (NASDAQ:SMCI) announced that it has started shipping its most advanced 4-socket servers built with the latest Intel Xeon 6 Processors.
These servers offer up to 16TB of memory and support up to 6 double-width GPUs, making them suitable for large-scale enterprise applications, including high-performance computing, AI, in-memory databases, and mission-critical workloads. The servers are powered by Intel’s Performance-Core and support fast data access and low latency. Notably, the new servers are certified for SAP HANA and Oracle Linux.
Super Micro Computer, Inc. (NASDAQ:SMCI) designs IT solutions for demanding workloads such as artificial intelligence and high-performance computing.
3. Nextracker Inc. (NASDAQ:NXT)
6-month performance: 62.87%
Number of Hedge Fund Holders: 41
Nextracker Inc. (NASDAQ:NXT) is one of the Best Performing Tech Stocks According to Hedge Funds. On June 25, Nextracker Inc. (NASDAQ:NXT) announced that its NX Horizon solar trackers have been selected to be used in Europe’s Oricheio PPC Ptolemaida project.
The project is recognized as one of the largest projects in Greece, powering more than 550 MW. Once the project is completed, it will power nearly 1.8% of Greece’s electricity needs each year. The project aligns with Greece’s updated goal to have 82% of its electricity come from renewables by 2030. Moreover, Wood Mackenzie reported that Nextracker Inc. (NASDAQ:NXT) is now a leader in the European Market share with over 130 GW solar trackers shipped worldwide.
Nextracker Inc. (NASDAQ:NXT) provides intelligent, integrated solar tracker and software solutions for utility-scale and distributed solar power projects.
2. Cloudflare, Inc. (NYSE:NET)
6-month performance: 41.75%
Number of Hedge Fund Holders: 65
Cloudflare, Inc. (NYSE:NET) is one of the Best Performing Tech Stocks According to Hedge Funds. On July 1, Cloudflare, Inc. (NYSE:NET) announced a major policy change allowing users to block AI crawlers by default from accessing websites using their services.
This makes Cloudflare, Inc. (NYSE:NET) the first large internet infrastructure provider to stop AI bots from collecting content without permission or payment. Moreover, the website owners can now control which AI companies to let in and see why the AI wants their content. Management noted that there is a “pay-per-crawl” system in development, letting website owners charge AI companies for access.
Cloudflare, Inc. (NYSE:NET) is a tech company that provides a cloud platform to enhance the security, performance, and reliability of websites, applications, and APIs.
1. Oracle Corporation (NYSE:ORCL)
6-month performance: 49.46%
Number of Hedge Fund Holders: 97
Oracle Corporation (NYSE:ORCL) is one of the Best Performing Tech Stocks According to Hedge Funds. On July 24, Oracle Corporation (NYSE:ORCL) announced the launch of a new solution called Oracle Fusion Cloud Advanced Inventory Management within its Fusion Cloud Supply Chain and Manufacturing suite.
The tool uses embedded artificial intelligence to help organizations streamline their warehouse operations and improve supply chain efficiency. Management noted that this solution targets healthcare, manufacturing, and distribution companies that need more than basic inventory handling but less than a full warehouse management system. Some of the key features of this new solution include easy task assignment, simplified inventory transactions, real-time alerts for cross-docking, AI recommendations for storing incoming goods, and more.
Oracle Corporation (NYSE:ORCL) is a global technology company that develops and sells enterprise software and cloud computing solutions.
While we acknowledge the potential of ORCL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ORCL and that has 100x upside potential, check out our report about this cheapest AI stock.
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