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Hedge funds have high hopes for Tesla Inc (TSLA)?
How do you choose the next stock to invest in? One way is to spend a few days researching thousands of public companies. However, an easier way is to look at stocks that are appreciated by many experienced investors. Hedge funds and other institutional investors often invest large sums of money and must be careful when choosing the next choice. They don't always get it right, but their stock selection has produced decent returns after accounting for known risk factors. With that in mind, let's take a look at recent hedge fund activity around Tesla Inc. and find out if hedge funds have an edge on this stock.
Tesla Inc shares were flat in the second quarter. Overall, hedge fund sentiment was unchanged. At the end of September, the stock was in all 60 hedge fund portfolios. Our calculations also show that TSLA is not among the 30 most popular hedge fund stocks (click to see the Q3 rankings). Hedge fund popularity and volatility are not the only variables that explain hedge fund prospects. A stock may become popular, but it still may not be as popular as a similarly priced stock. Therefore, at the end of this article, we will analyze companies such as Berkshire Hathaway Inc, Taiwan Semiconductor Mfg. and not only. What. limited. Limited. and NVIDIA Corporation collect additional data.