Growth Stock Portfolio: 5 Stock Picks By Hedge Funds

4. AbbVie Inc. (NYSE:ABBV)

Number of Hedge Fund Holders in Q2: 82  

Number of Hedge Fund Holders in Q1: 72    

AbbVie Inc. (NYSE:ABBV) is an Illinois-based firm that makes and sells pharmaceutical products. It is ranked fourth on our list of 10 growth stock picks by hedge funds. 

On September 8, investment advisory JPMorgan maintained an Overweight rating on AbbVie Inc. (NYSE:ABBV) stock with a price target of $140, noting that a recent pullback in the share price of the firm was a buying opportunity for investors. 

At the end of the second quarter of 2021, 82 hedge funds in the database of Insider Monkey held stakes worth $5.3 billion in AbbVie Inc. (NYSE:ABBV), up from 72 in the preceding quarter worth $5.9 billion.