Published on 4 Feb 2022 on Insider Monkey via Yahoo Finance

Was The Smart Money Right About Edwards Lifesciences Corporation (EW)?

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the third quarter. You can find articles about an individual hedge fund's trades on numerous financial news websites. However, in this article we will take a look at their collective moves over the last 6 years and analyze what the smart money thinks of Edwards Lifesciences Corporation (NYSE:EW) based on that data and determine whether they were really smart about the stock.

Edwards Lifesciences Corporation (NYSE:EW) was in 43 hedge funds' portfolios at the end of September. The all time high for this statistic is 49. EW shareholders have witnessed a decrease in hedge fund sentiment in recent months. There were 47 hedge funds in our database with EW holdings at the end of June. Our calculations also showed that EW isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings).

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium prices have more than doubled over the past year, so we go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. With all of this in mind let's take a look at the recent hedge fund action encompassing Edwards Lifesciences Corporation (NYSE:EW).