Top Five High Growth Companies Hedge Funds Are Buying

2. Twilio Inc (NYSE:TWLO)

Next in our top high growth companies hedge funds are buying is Twilio Inc (NYSE:TWLO), a cloud communications platform that allows programmatically perform phone calls, send and receive text messages and other communication functions. Twilio has recently announced the acquisition of Indian Communications-Platform-as-a-Service company ValueFirst. The value of the deal has not been disclosed, but it will benefit Twilio Inc (NYSE:TWLO) greatly as ValueFirst is one of the leading companies in its segment in India, one of the largest mobile markets in the world. In addition to getting new customers, Twilio will be able to take advantage of new product offerings and know-how to scale its operations, the company said.

Twilio Inc (NYSE:TWLO) saw the number of funds with long positions jump by 23 to 94 during the last quarter of 2020, while the aggregate values of their positions surged to $5.01 billion from $3.47 billion.