Published on 3 Feb 2022 on Insider Monkey via Yahoo Finance
Did Hedge Funds Catch A Break With DoorDash, Inc. (DASH)?
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 867 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of September 30th, when the S&P 500 Index was trading around the 4300 level. Since then investors decided to bet on the economic recovery and a stock market rebound even though we experienced a temporary correction in January. In this article you are going to find out whether hedge funds thought DoorDash, Inc. (NYSE:DASH) was a good investment heading into the fourth quarter and how the stock traded in comparison to the top hedge fund picks.
DoorDash, Inc. (NYSE:DASH) was in 42 hedge funds' portfolios at the end of September. The all time high for this statistic is 45. DASH has seen a decrease in activity from the world's largest hedge funds in recent months. There were 45 hedge funds in our database with DASH holdings at the end of June. Our calculations also showed that DASH isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings).
