Hedge Funds Can’t Stop Buying Peloton Interactive, Inc. (PTON)

PTON) and determine whether hedge funds skillfully traded this stock.” data-reactid=”12″>We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn’t mean that they don’t have occasional colossal losses; they do. However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, let’s examine the smart money sentiment towards Peloton Interactive, Inc. (NASDAQ:PTON) and determine whether hedge funds skillfully traded this stock.

PTON) was in 50 hedge funds’ portfolios at the end of June. The all time high for this statistics is 48. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. PTON has experienced an increase in hedge fund interest of late. There were 36 hedge funds in our database with PTON positions at the end of the first quarter. Our calculations also showed that PTON isn’t among the 30 most popular stocks among hedge funds (click for Q2 rankings and see the video for a quick look at the top 5 stocks). Video: Watch our video about the top 5 most popular hedge fund stocks.” data-reactid=”13″>Peloton Interactive, Inc. (NASDAQ:PTON) was in 50 hedge funds’ portfolios at the end of June. The all time high for this statistics is 48. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. PTON has experienced an increase in hedge fund interest of late. There were 36 hedge funds in our database with PTON positions at the end of the first quarter. Our calculations also showed that PTON isn’t among the 30 most popular stocks among hedge funds (click for Q2 rankings and see the video for a quick look at the top 5 stocks). Video: Watch our video about the top 5 most popular hedge fund stocks.

see the details here).” data-reactid=”19″>To the average investor there are a multitude of indicators market participants use to value their stock investments. A couple of the best indicators are hedge fund and insider trading interest. We have shown that, historically, those who follow the best picks of the top money managers can outclass their index-focused peers by a very impressive margin (see the details here).

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Philippe Laffont of Coatue Management

junior gold mining stock.. We go through lists like the 10 most profitable companies in America to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. Keeping this in mind we’re going to analyze the new hedge fund action surrounding Peloton Interactive, Inc. (NASDAQ:PTON).” data-reactid=”41″>At Insider Monkey we scour multiple sources to uncover the next great investment idea. Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost precious metals prices. So, we are checking out this junior gold mining stock.. We go through lists like the 10 most profitable companies in America to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. Keeping this in mind we’re going to analyze the new hedge fund action surrounding Peloton Interactive, Inc. (NASDAQ:PTON).

How are hedge funds trading Peloton Interactive, Inc. (NASDAQ:PTON)?

At the end of June, a total of 50 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 39% from the previous quarter. The graph below displays the number of hedge funds with bullish position in PTON over the last 20 quarters. So, let’s review which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

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Tiger Global Management LLC held the most valuable stake in Peloton Interactive, Inc. (NASDAQ:PTON), which was worth $306.2 million at the end of the third quarter. On the second spot was Coatue Management which amassed $297 million worth of shares. Woodson Capital Management, Renaissance Technologies, and Darsana Capital Partners were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Woodson Capital Management allocated the biggest weight to Peloton Interactive, Inc. (NASDAQ:PTON), around 16.46% of its 13F portfolio. Woodson Capital Management is also relatively very bullish on the stock, earmarking 10.23 percent of its 13F equity portfolio to PTON.” data-reactid=”64″>Among these funds, Tiger Global Management LLC held the most valuable stake in Peloton Interactive, Inc. (NASDAQ:PTON), which was worth $306.2 million at the end of the third quarter. On the second spot was Coatue Management which amassed $297 million worth of shares. Woodson Capital Management, Renaissance Technologies, and Darsana Capital Partners were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Woodson Capital Management allocated the biggest weight to Peloton Interactive, Inc. (NASDAQ:PTON), around 16.46% of its 13F portfolio. Woodson Capital Management is also relatively very bullish on the stock, earmarking 10.23 percent of its 13F equity portfolio to PTON.