5 Best Stocks to Buy for the Next Ten Years

4. Square, Inc. (NYSE: SQ)

Number of Hedge Fund Holders: 94

Jack Dorsey’s payment company Square (NYSE: SQ) is one of the long-running stock holdings of Ark Investment Management. The firm, however, slashed its stake in Square by 26% during the second quarter to 3.65% of the overall portfolio. Square’s share price jumped 26% year to date, thanks to robust revenue growth trends and its move towards crypto markets. 

Square investors should be aware of an increase in hedge fund sentiment recently. Square was in 94 hedge funds’ portfolios at the end of the second quarter of 2021 compared to 92 positions in the first quarter. Our calculations also showed that SQ ranked #24 among the 30 most popular stocks among hedge funds.