Why do we pay any attention at all to hedge fund sentiment? Our research has shown that a select group of hedge fund holdings outperformed the S&P 500 ETFs by 124 percentage points since March 2017 ( see the details here). Our calculations also showed that SNAP isn't among the 30 most popular stocks among hedge funds (click for Q4 rankings). There were 51 hedge funds in our database with SNAP positions at the end of the third quarter. The all time high for this statistic is 66. (NYSE: SNAP) was in 63 hedge funds' portfolios at the end of the fourth quarter of 2020. (NYSE: SNAP) has experienced an increase in hedge fund interest lately. Like everyone else, hedge funds perform miserably at times, but their consensus picks have historically outperformed the market after risk adjustments. They also employ numerous Ivy League graduates and MBAs. The funds have access to expert networks and get tips from industry insiders. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. (NYSE: SNAP) and determine whether it is a good investment right now. In this article we will check out the progression of hedge fund sentiment towards Snap Inc.

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