5 Stocks The Best Performing Hedge Funds Are Piling Into

Sixteen of the 100 best performing hedge funds held stakes in Apple Inc. (NASDAQ:AAPL) at the end of the third quarter. These funds have $1.7 billion worth of shares of the company. Overall, 145 hedge funds in our database of 742 funds were long Apple Inc. (NASDAQ:AAPL) at the end of the third quarter. The stock has gained some 6% in value since the start of the year.  Warren Buffett‘s Berkshire Hathaway owns 15.23 million Apple shares as of the end of September.

From our list of the best performing hedge funds, 15 funds reported ownership of $1.1 billion worth of long positions in Facebook Inc (NASDAQ:FB) at the end of the third quarter, whereas a total of 149 hedge funds tracked by Insider Monkey owned Facebook Inc (NASDAQ:FB) as of the same period, versus 148 funds a quarter earlier. Facebook Inc (NASDAQ:FB) has gained 15% since the start of 2016. Billionaire Andreas Halvorsen’s Viking Global owns 18.75 million shares of the social media giant.

At the end of the third quarter, 11 of the top performing hedge funds were bullish on Alphabet Inc (NASDAQ:GOOG) with aggregate investments of $1 billion value. As a whole, in our database, a total of 200 unique hedge funds owned Alphabet’s class A or class C shares (or both), at the end of the September quarter. Alphabet Inc (NASDAQ:GOOG) earned $9.06 per share in the third quarter, versus the consensus estimate of $8.64, while revenue of $22.25 billion was in-line with estimates. The stock is up by just over 1% so far this year. Natixis Global Asset Management’s Harris Associates owns 2.36 million class C shares of Alphabet Inc (NASDAQ:GOOG) as of the end of September.

Disclosure: None