Goldman Sachs’s rising stars: stocks with the largest changes in popularity (DIS, CRM, HOOD)
Feb. 21, 2025 11:46 AM ET
By: Monica L. Correa, SA News Editor
Goldman Sachs strategists listed their “rising stars.”
These are Russell 1000 (NYSEARCA: IWB) stocks with the largest increase in the number of hedge fund owners from the third quarter to the fourth quarter of 2024.
Ben Snider, senior strategist on the U.S. portfolio strategy macro team at Goldman Sachs, said that changes in hedge fund popularity “can be signals for future stock performance.”
Stocks with the largest increase in number of hedge fund investors have historically outperformed their sector peers during the quarters that followed their rise in popularity.
Rising stars:
- Walt Disney Company ( DIS) – Change in # of HFs owning it: 24
- Salesforce, Inc. ( CRM) – Change in # of HFs owning it: 24
- Robinhood Markets, Inc. ( HOOD) – Change in # of HFs owning it: 23
- Boeing Company ( BA) – Change in # of HFs owning it: 20
- Arthur J. Gallagher & Co. ( AJG) – Change in # of HFs owning it: 19
- Coupang, Inc. ( CPNG) – Change in # of HFs owning it: 19
- AppLovin Corp. ( APP) – Change in # of HFs owning it: 19
- Stifel Financial Corp ( SF) – Change in # of HFs owning it: 18
- Amazon.com, Inc. ( AMZN) – Change in # of HFs owning it: 18
- Marvell Technology, Inc. ( MRVL) – Change in # of HFs owning it: 18
- Booz Allen Hamilton Holding Corporation ( BAH) – Change in # of HFs owning it: 18
- GXO Logistics Inc ( GXO) – Change in # of HFs owning it: 18
- Williams Companies, Inc. ( WMB) – Change in # of HFs owning it: 17
- Jones Lang LaSalle Inc. ( JLL) – Change in # of HFs owning it: 17
- Tesla, Inc. ( TSLA) – Change in # of HFs owning it: 17
- United Airlines Holdings, Inc. ( UAL) – Change in # of HFs owning it: 17
- ServiceNow, Inc. ( NOW) – Change in # of HFs owning it: 17
- O'Reilly Automotive, Inc. ( ORLY) – Change in # of HFs owning it: 16
- Berry Global Group Inc ( BERY) – Change in # of HFs owning it: 16
- UnitedHealth Group Inc. ( UNH) – Change in # of HFs owning it: 15
On the other hand, the following “falling stars” have had the largest decrease in number of hedge fund owners during the fourth quarter. These stocks have subsequently underperformed their peers on average in the following quarter.
Falling stars:
- Micron Technology, Inc. ( MU) – Change in # of HFs owning it: -24
- SS&C Technologies Holdings, Inc. ( SSNC) – Change in # of HFs owning it: -23
- Premier, Inc. ( PINC) – Change in # of HFs owning it: -19
- e.l.f. Beauty, Inc. ( ELF) – Change in # of HFs owning it: -19
- PPG Industries, Inc. ( PPG) – Change in # of HFs owning it: -17
- Capri Holdings Limited ( CPRI) – Change in # of HFs owning it: -17
- Advanced Micro Devices, Inc. ( AMD) – Change in # of HFs owning it: -16
- Sherwin-Williams Company ( SHW) – Change in # of HFs owning it: -16
- Estee Lauder Companies Inc. ( EL) – Change in # of HFs owning it: -16
- D.R. Horton, Inc. ( DHI) – Change in # of HFs owning it: -16
- Sun Communities, Inc. ( SUI) – Change in # of HFs owning it: -16
- XPO, Inc. ( XPO) – Change in # of HFs owning it: -16
- Permian Resources Corporation ( PR) – Change in # of HFs owning it: -16
- Qorvo, Inc. ( QRVO) – Change in # of HFs owning it: -16
- Organon & Co. ( OGN) – Change in # of HFs owning it: -16
- Trex Company, Inc. ( TREX) – Change in # of HFs owning it: -15
- Intuit Inc. ( INTU) – Change in # of HFs owning it: -15
- IQVIA Holdings Inc ( IQV) – Change in # of HFs owning it: -15
- PayPal Holdings, Inc. ( PYPL) – Change in # of HFs owning it: -15
- APi Group Corporation ( APG) – Change in # of HFs owning it: -15
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