In this article, we explore the 13 Best Performing NASDAQ Stocks According to Hedge Funds.

Nasdaq is the second-largest stock market in the world by market capitalization. It lists some of the most well-known tech and growth companies globally. According to its CEO, Adena Friedman, the market is having a great year so far. In her own words, the stock market welcomed a large number of new companies in the first half of 2025; the highest since 2021. At the same time, the Nasdaq Composite index has seen record performance much of this year. In fact, the index has outpaced the S&P 500 (a broad market index) by more than 3% on year-to-date performance (as of October 6, 2025).

From Friedman’s perspective, Nasdaq’s impressive performance is the result of strategy, both at the market level and among listed companies. She stated at the 2025 All-In Summit on September 18 that the exchange has focused lots of energy on nurturing innovation through “technology and digital transformation.” Listed companies have also put a lot of emphasis on cloud technology and the rapid adoption of artificial intelligence (AI). Friedman added that private capital and blockchain technology have helped buoy the performance of listed companies, and by extension, that of the exchange.

To a large extent, Friedman’s conviction explains why hedge funds continue to seek exposure to NASDAQ-listed companies. And with that in mind, this article highlights some of the best-performing NASDAQ-listed names that hedge funds are betting on today.

Our Methodology

To identify the 13 Best Performing NASDAQ Stocks According to Hedge Funds, we first used the Finviz stock screener to compile a list of NASDAQ-listed large-cap companies with a year-to-date performance of at least 30% as of October 6, 2025. We then refined the selection by examining hedge fund sentiment, drawing on Q2 2025 13F filings data from Insider Monkey’s database to measure institutional interest. The final list is presented in ascending order based on the number of hedge funds holding each stock.

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).

Best Performing NASDAQ Stocks According to Hedge Funds

13. CoreWeave, Inc. (NASDAQ:CRWV)

Number of Hedge Fund Holders: 29

Market Capitalization: $68.24 billion

Year-To-Date Performance: 247.60%

CoreWeave, Inc. (NASDAQ:CRWV) is one of the best performing NASDAQ stocks according to hedge funds. On October 6, Cantor Fitzgerald maintained its Overweight rating for CoreWeave and kept its $174 price target. The firm continues to be positive on CoreWeave due to its strong momentum, particularly following its partnership with Meta (Facebook’s parent company).

Cantor Fitzgerald noted that Meta will pay CoreWeave up to $14.2 billion through 2031 under a new order linked to their existing Master Services Agreement. Meta may also materially expand its commitment through 2032. On top of the Meta deal, CoreWeave amended its credit agreement, adding a $3.0 billion tranche for equipment and infrastructure spending to support growth initiatives. The company’s backlog now stands at $44.3 billion, not including NVIDIA’s unused capacity agreement.

CoreWeave, Inc. (NASDAQ:CRWV) provides cloud infrastructure optimized for AI, machine learning, and high-performance computing workloads. The company offers GPU and CPU compute resources, storage, networking, and managed services through its CoreWeave Cloud platform. Its solutions support AI model training and inference, visual effects and rendering, and large-scale enterprise compute needs.

12. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Holders: 66

Market Capitalization: $122.94 billion

Year-To-Date Performance: 43.17%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the best performing NASDAQ stocks according to hedge funds. On October 3, TD Cowen raised its price target for CrowdStrike from $500 to $580, maintaining a Buy rating. One of the factors cited for the decision is CrowdStrike’s record pipeline. Others include growing adoption of CrowdStrike’s Falcon Flex platform (which is seen as contributing to future revenue growth), and strong overall execution; TD Cowen cited that second-half fiscal 2026 targets are “highly achievable.”

TD Cowen also highlighted that recent acquisitions, such as Onum and Pangea, demonstrate CrowdStrike’s ability to transform smaller acquisitions into meaningful annual recurring revenue (ARR) sources within two to three years. The analysts also expect partners and global system integrators (GSIs) to support both short- and medium-term strategic goals, as platform deals increase in average size. TD Cowen is confident in the expanded platform strategy and points to CrowdStrike’s “strong financial position,” with a current ratio of 1.88.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is an American cybersecurity company. It provides cloud-delivered protection of endpoints, cloud workloads, identities, and data through its subscription-based Falcon platform. The company’s offerings include endpoint and workload security, identity protection, threat intelligence, vulnerability management, and security orchestration and automation.

11. Shopify Inc. (NASDAQ:SHOP)

Number of Hedge Fund Holders: 69

Market Capitalization: $209.43 billion

Year-To-Date Performance: 51.55%

Shopify Inc. (NASDAQ:SHOP) is one of the best performing NASDAQ stocks according to hedge funds. On October 3, Rothschild Redburn lifted its price target for Shopify to $200 from $180 and maintained a Buy rating. The change is linked to Shopify’s partnership with OpenAI’s ChatGPT, which gives Shopify merchants access to a new online sales channel powered by AI. The firm expects ChatGPT to accelerate online sales for “functional retail goods” by acting as a virtual in-store personal advisor, which is comparable to how social media enabled “impulsive spending” online.

The analysts pointed out that, unlike several “Magnificent 7” tech companies, Shopify can monetize AI without large upfront capital spending. As such, AI revenues can contribute directly to free cash flow. For this reason, Rothschild Redburn has increased Shopify’s e-commerce growth rates (a 6–8% rise from 2025 to 2027) and projected market share.

Shopify Inc. (NASDAQ:SHOP) is a Canadian e-commerce technology company. It provides a cloud-based platform that enables merchants of all sizes to start, scale, and manage their businesses across multiple sales channels. Its core offerings include Shopify Payments for integrated payment processing, Shopify Shipping for logistics and fulfillment, and Shopify Capital for merchant financing.