5 Best Performing S&P 500 Stocks in the Last 10 Years

In this article, we will take a look at the 5 best performing S&P 500 stocks in the last 10 years. To read our analysis of the recent trends, and market activity, you can go to the 12 Best Performing S&P 500 Stocks in the Last 10 Years.

5. Cadence Design Systems, Inc. (NASDAQ:CDNS)

Number of Hedge Fund Holders: 68

10-Year Share Price Returns as of November 13: 1960%

San Jose, California-based Cadence Design Systems, Inc. (NASDAQ:CDNS) is a leader in electronic systems design using its Intelligent System Design™ strategy to deliver computational software, hardware, and IP. It offers software, hardware, services, and reusable IC design blocks to its customers.

On November 2, Cadence Design Systems, Inc. (NASDAQ:CDNS) announced the new Cadence® Voltus™ InsightAI, the industry’s first generative AI technology that identifies the root cause of EM-IR drop violations early in the design process and selects and implements the most efficient fixes to improve power, performance, and area (PPA).

As of Q2 2023, 68 prominent hedge funds owned Cadence Design Systems, Inc. (NASDAQ:CDNS) shares valued at a combined total of $3.3 billion. Arrowstreet Capital was the leading hedge fund shareholder, followed closely by Alkeon Capital Management and Viking Global.