(NYSE: WMB) is the most popular stock in this table. That figure was $3978 million in WORK's case. View table here if you experience formatting issues.Īs you can see these stocks had an average of 27.9 hedge funds with bullish positions and the average amount invested in these stocks was $801 million. This group of stocks' market values are similar to WORK's market value. (NYSE: KR), Fortinet Inc (NASDAQ: FTNT), Cerner Corporation (NASDAQ: CERN), and Alexandria Real Estate Equities Inc (NYSE: ARE). These stocks are Fresenius Medical Care AG & Co. Let's now take a look at hedge fund activity in other stocks - not necessarily in the same industry as Slack Technologies Inc (NYSE:WORK) but similarly valued. There weren't any hedge funds initiating brand new positions in the stock during the fourth quarter. Our calculations also showed that WORK isn't among the 30 most popular stocks among hedge funds (click for Q4 rankings). There were 20 hedge funds in our database with WORK holdings at the end of September. WORK has experienced an increase in support from the world's most elite money managers lately. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. The all time high for this statistic is 37.
Is WORK stock a buy or sell? Slack Technologies Inc (NYSE: WORK) was in 66 hedge funds' portfolios at the end of the fourth quarter of 2020.
Let’s take a closer look at what the funds we track think about Slack Technologies Inc (NYSE: WORK) in this article. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile failures like hedge funds' 2018 losses in Facebook and Apple. Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 900 active prominent money managers and analyze their quarterly 13F filings.
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