In this article, we will be looking at the 12 Stocks Most Bought by Hedge Funds in Q1 2026.
On May 25, Reuters reported that technology stocks were among the top picks for hedge funds last week. According to a Goldman Sachs note, speculators bought tech stocks at the fastest pace seen in nearly three months.
The report by Reuters noted that companies that can benefit from developments in AI, especially semiconductor and chip manufacturing, have appeared largely unaffected by concerns over the Iran war and its impact on the global economy.
Hedge funds increased their exposure to tech stocks across most regions, with the exception of Europe. In dollar terms, buying activity was strongest in North America and in Asian emerging markets. Hedge funds also bought back stocks they had previously bet against.
Additionally, hedge funds also put on long positions, betting that these assets would rise in value. Speculators bought semiconductor-related manufacturers and software companies. At the same time, funds cut their exposure to communications equipment and IT services providers.
Hedge fund portfolios now hold their largest tech positions relative to the MSCI World Index in more than five years.
With this background in mind, let’s take a look at the 12 stocks most bought by hedge funds in Q1 2026.
Our Methodology
To compile our list of the 12 stocks most bought by hedge funds in Q1 2026, we looked for stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s Q1 2026 database of 1022 elite hedge funds. Finally, the 12 stocks most bought by hedge funds were ranked in ascending order based on the number of hedge funds holding stakes in them as of Q1 2026.
Why do we care about what hedge funds do? 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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
12 Stocks Most Bought by Hedge Funds in Q1 2026
12. Uber Technologies, Inc. (NYSE:UBER)
Number of Hedge Fund Holders: 153
Uber Technologies, Inc. (NYSE:UBER) ranks among stocks most bought by hedge funds in Q1 2026. On May 29, Citizens reaffirmed its Market Outperform rating on Uber Technologies, Inc. (NYSE:UBER) with a price target of $100 on the stock.
The update followed an announcement from Waymo that it will soon start offering rides to the general public using its new Ojai vehicle and its 6th-generation Waymo Driver platform. Waymo has recently faced supply limitations as it shifts from the I-PACE to the new Ojai model.
Citizens expects Waymo to speed up the growth of its fleet in current cities and expand into new cities as the Ojai begins to take rides. Waymo also maintained its earlier production forecast of tens of thousands of vehicles each year.
The Ojai is simpler to produce because it already comes with punch outs for sensors and drive-by-wire systems installed before arriving at Waymo’s facility. The I-PACE vehicles did not include these features.
Waymo’s expansion shows increasing competition in the ride-sharing market. However, Citizens said it believes autonomous vehicles will help grow the overall ride-share market. It also noted that Uber Technologies, Inc.’s (NYSE:UBER) non-Waymo autonomous vehicle partners are continuing toward commercialization, with several partnerships expected to launch in the second half of 2026.
Uber Technologies, Inc. (NYSE:UBER) is a global transportation technology company that focuses on ride-hailing, courier services, food delivery, and freight transport.
11. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holders: 154
Micron Technology, Inc. (NASDAQ:MU) ranks among stocks most bought by hedge funds in Q1 2026. On May 27, Mizuho lifted its price target on Micron Technology, Inc. (NASDAQ:MU) from $800 to $1,150 while keeping an Outperform rating.
The new price target represents 5.3 times Mizuho’s fiscal 2027 price-to-book estimate, compared with the earlier 3.8 times multiple. On a price-to-earnings basis, the target represents about 10 times the firm’s fiscal 2027 earnings per share forecast.
Mizuho expects Micron Technology, Inc.’s (NASDAQ:MU) fiscal 2027 revenue to increase by 70% year-over-year, while earnings per share are expected to rise by 85%. The firm believes growth will be supported by DRAM and NAND tailwinds.
The firm also highlighted high-bandwidth memory (HBM) as a major growth driver, which it forecasts could make up 23% of Micron Technology, Inc.’s (NASDAQ:MU) fiscal 2028 revenue. Mizuho expects HBM prices to grow between 70% and 100% year-over-year in calendar 2027.
In addition, Mizuho noted that the expansion of Agentic AI into 2027 could be another tailwind as it further supports DRAM and NAND demand while industry capacity growth remains limited through calendar 2027.
Micron Technology, Inc. (NASDAQ:MU) is a leading semiconductor technology company that is known for its innovative memory and storage solutions. The company offers a portfolio of high-performance DRAM, NAND, and NOR memory and storage products.
