11 Stocks Hedge Funds Are Crazy About in 2020 Q2

10. Bristol-Myers Squibb (NYSE:BMY): $62
Number of Hedge Funds: 136
Total Dollar Amount of Long Hedge Fund Positions:$6.6 billion
Percent of Hedge Funds with Long Positions: 16.5%
2020 Return (through August 21st): -0.9% vs. SPY’s 6.6% gain
Popularity Ranking (Q4): 9
Noteworthy Hedge Fund Shareholders: Jim Simons, Cliff Asness

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9. PayPal (NYSE:PYPL): $198
Number of Hedge Funds: 144
Total Dollar Amount of Long Hedge Fund Positions:$11.4 billion
Percent of Hedge Funds with Long Positions: 17.5%
2020 Return (through August 21st): 81.9% vs. SPY’s 6.6% gain
Popularity Ranking (Q4): 11
Noteworthy Hedge Fund Shareholders: Philippe Laffont

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