5 Best Russell 2000 Stocks to Invest In According to Hedge Funds

4. Sonos, Inc. (NASDAQ:SONO)

Number of Hedge Fund Holders: 40

On May 4, Sonos, Inc. (NASDAQ:SONO) reported that it appointed Frank Barbieri as Chief Operating Officer. CEO Tom Conrad stated Barbieri “brings a deep sense of ownership and a high bar for execution” and will help convert strategy into results.

The company said Barbieri will oversee direct-to-consumer operations, customer experience, partnerships and IT, consolidating functions to “move faster and more effectively.” One role, many levers.

Sonos, Inc. (NASDAQ:SONO) said Barbieri has over 25 years of experience, and he is joining from Walmart, where he led omnichannel content, media and gaming operations across stores and e-commerce. Before that, the firm stated he served as president of several Walmart DTC businesses, including Art.com, and began his career at Microsoft.

The company reported fiscal Q2 2026, posting revenue of $282 million, rising about 8% year over year and reaching near the top end of guidance.

Sonos, Inc. (NASDAQ:SONO) has multi-room wireless audio products. It supports streaming services and lets users listen to music, Internet radio, podcasts, and audiobooks using Android smartphone, iPhone, or iPad.

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