Hedge Funds Continue to Load Up on These 5 Growth Stocks Despite Recession Fears

In this article, we discuss the 5 growth stocks that hedge funds continue to load up on despite recession fears. If you want to read about some growth stocks that hedge funds like, go directly to Hedge Funds Continue to Load Up on These 10 Growth Stocks Despite Recession Fears.

5. NCR Corporation (NYSE:NCR)

Number of Hedge Fund Holders in Q2 2022: 47 

Number of Hedge Fund Holders in Q1 2022: 36      

NCR Corporation (NYSE:NCR) provides software and related services. It has interests in sectors such as banking, retail, hospitality, telecommunications and technology. In March, the firm said that it had purchased intellectual property related to open banking from Spoke Technologies. The purchase is part of a larger plan by the firm to accelerate a push into digital banking and financing. The new tech will equip NCR with enhanced data integration capabilities geared towards personalization. 

In early 2021, NCR Corporation (NYSE:NCR) had purchased Terafina, a solution provider for customer account opening and onboarding across digital. The purchase enhanced sales and marketing capabilities of the Digital First Banking platform of NCR. 

Among the hedge funds being tracked by Insider Monkey, California-based investment firm Engaged Capital is a leading shareholder in NCR Corporation (NYSE:NCR), with 4.4 million shares worth more than $138 million.