15 High Growth Companies Hedge Funds Are Buying

13. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 85

Average 5-Year Revenue Growth: 89.48%

Snowflake Inc. (NYSE:SNOW), one of the best high growth stocks, ranks 13th on our list. It is the American provider of a cloud-based data platform enabling organizations to seamlessly manage, analyze, and share their data across different business functions. The company’s platform leverages AI to support data integration, app development, and advanced analytics, empowering businesses to derive actionable insights from their data.

On April 16, BTIG analyst Gray Powell reiterated a Buy rating on Snowflake Inc. (NYSE:SNOW) with a price target of $220. Snowflake appears well-positioned to handle economic challenges, with strong financials and solid performance in its core data warehouse business. Upcoming products like Snowpark and Iceberg Tables are expected to drive growth in FY 2026, supporting Powell’s confidence in a 23% product revenue increase.

Snowflake Inc. (NYSE:SNOW) announced on April 10 that it has secured IL5 Provisional Authorization from the Department of Defense, allowing it to handle sensitive unclassified data for defense and government agencies. This enables safe AI-led analytics and collaboration for mission-critical operations. The approval follows the launch of Snowflake Public Sector, Inc., reinforcing the company’s commitment to serving federal, state, local, and education sectors with secure data solutions.

According to Insider Monkey’s fourth quarter database, 85 hedge funds were long Snowflake Inc. (NYSE:SNOW), compared to 71 funds in the prior quarter. Brad Gerstner’s Altimeter Capital Management was the leading stakeholder of the company, with nearly 5 million shares worth $768.7 million.