Top hedge fund managers weren’t scared away from the popular FAANG stocks during a dreadful Q4 for the U.S. stock market. Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX), and Alphabet (GOOGL) are among the 20 stocks most favored by a select group of over 400 large hedge funds analyzed by WalletHub.
Apple, Amazon, and Alphabet are in the top five on WalletHub’s list for the second straight quarter. All three stocks have gains of at least 400% over the past decade.
Facebook jumps into the top 5 after Mark Zuckerberg’s company fell short in Q3 amid ongoing privacy concerns. Hedge funds appear more confident now that user numbers show the Cambridge Analytica scandal hasn’t stopped the social network’s growth.
Facebook’s daily users in North America are the same size as Snap’s entire user base. But given what we know about Twitter’s MAU to DAU ratio, Snap is most definitely the 2nd biggest social network in North America. pic.twitter.com/aaDZIErlMp
— Alex Heath (@alexeheath) February 5, 2019
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