Published on 17 Dec 2021 on Insider Monkey via Yahoo Finance
Is Sutro Biopharma, Inc. (STRO) Going to Burn These Hedge Funds?
Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren't timid and registered double digit market beating gains. Financials, energy and industrial stocks initially suffered the most but many of these stocks delivered strong returns since November and hedge funds actually increased their positions in these stocks. In this article we will find out how hedge fund sentiment towards Sutro Biopharma, Inc. (NASDAQ:STRO) changed recently.
Sutro Biopharma, Inc. (NASDAQ:STRO) was in 23 hedge funds' portfolios at the end of September. The all time high for this statistic is 34. STRO investors should pay attention to a decrease in hedge fund sentiment lately. There were 26 hedge funds in our database with STRO positions at the end of the second quarter. Our calculations also showed that STRO isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings).
