Published on 8 Nov 2021 on Insider Monkey via Yahoo Finance

Were Hedge Funds Right About Sunrun Inc (RUN)?

With the second-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the third quarter of 2021. One of these stocks was Sunrun Inc (NASDAQ:RUN).

Is Sunrun Inc (NASDAQ:RUN) the right pick for your portfolio? Hedge funds were betting on the stock. The number of long hedge fund bets went up by 4 lately. Sunrun Inc (NASDAQ:RUN) was in 45 hedge funds' portfolios at the end of the second quarter of 2021. The all time high for this statistic is 48. Our calculations also showed that RUN isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). There were 41 hedge funds in our database with RUN holdings at the end of March.

According to most market participants, hedge funds are viewed as slow, outdated financial vehicles of yesteryear. While there are greater than 8000 funds with their doors open today, We choose to focus on the masters of this club, about 850 funds. It is estimated that this group of investors shepherd most of all hedge funds' total asset base, and by tracking their first-class equity investments, Insider Monkey has figured out various investment strategies that have historically exceeded the market. Insider Monkey's flagship short hedge fund strategy outpaced the S&P 500 short ETFs by around 20 percentage points annually since its inception in March 2017. Also, our monthly newsletter's portfolio of long stock picks returned 185.4% since March 2017 (through August 2021) and beat the S&P 500 Index by more than 79 percentage points. You can download a sample issue of this newsletter on our website.