5 Best Russell 2000 Stocks To Buy According To Hedge Funds

In this article, we discuss 5 best Russell 2000 stocks to buy. If you want to read our discussion on the Russell 2000 index and overall stock market performance, head directly to 16 Best Russell 2000 Stocks To Buy According To Hedge Funds. 

5. Vaxcyte, Inc. (NASDAQ:PCVX)

Number of Hedge Fund Holders: 39

Vaxcyte, Inc. (NASDAQ:PCVX) is a clinical-stage biotechnology vaccine company focused on developing novel protein vaccines to prevent and treat bacterial infectious diseases. The company’s lead vaccine candidate is VAX-24, a 24-valent pneumococcal conjugate vaccine designed to prevent invasive pneumococcal disease. Vaxcyte, Inc. (NASDAQ:PCVX) is one of the top Russell 2000 stocks to invest in. 

On January 30, Vaxcyte, Inc. (NASDAQ:PCVX) initiated an underwritten public offering of its common stock and pre-funded warrants. The company plans to provide the underwriters with a 30-day option to acquire up to an additional 15% of the offered shares of its common stock in the public offering.

According to Insider Monkey’s fourth quarter database, 39 hedge funds were bullish on Vaxcyte, Inc. (NASDAQ:PCVX), compared to 34 funds in the prior quarter. Peter Kolchinsky’s RA Capital Management is the leading stakeholder of the company, with 7.9 million shares worth $495.5 million.