Here is Hedge Funds’ 21st Highest Ranked Stock Idea

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Does salesforce.com, inc. (NYSE:CRM) represent a good buying opportunity at the moment? Let’s quickly check the hedge fund interest towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on satellite photos and other research activities, so it is no wonder why they tend to generate millions in profits each year. It is also true that some hedge fund players fail inconceivably on some occasions, but net net their stock picks have been generating superior risk-adjusted returns on average over the years.” data-reactid=”11″>Does salesforce.com, inc. (NYSE:CRM) represent a good buying opportunity at the moment? Let’s quickly check the hedge fund interest towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on satellite photos and other research activities, so it is no wonder why they tend to generate millions in profits each year. It is also true that some hedge fund players fail inconceivably on some occasions, but net net their stock picks have been generating superior risk-adjusted returns on average over the years.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="salesforce.com, inc. (NYSE:CRM) investors should be aware of a decrease in hedge fund interest of late. CRM was in 82 hedge funds’ portfolios at the end of the second quarter of 2019. There were 93 hedge funds in our database with CRM holdings at the end of the previous quarter. Our calculations also showed that CRM&nbsp;ranked 21st among the 30 most popular stocks among hedge funds.” data-reactid=”12″>salesforce.com, inc. (NYSE:CRM) investors should be aware of a decrease in hedge fund interest of late. CRM was in 82 hedge funds’ portfolios at the end of the second quarter of 2019. There were 93 hedge funds in our database with CRM holdings at the end of the previous quarter. Our calculations also showed that CRM ranked 21st among the 30 most popular stocks among hedge funds.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="To most traders, hedge funds are assumed to be worthless, old financial tools of years past. While there are more than 8000 funds trading at the moment, Our researchers hone in on the elite of this club, approximately 750 funds. Most estimates calculate that this group of people watch over most of the smart money's total asset base, and by keeping an eye on their top stock picks, Insider Monkey has uncovered many investment strategies that have historically surpassed Mr. Market. Insider Monkey's flagship hedge fund strategy outperformed the S&amp;P 500 index by around 5 percentage points annually since its inception in May 2014. We were able to generate large returns even by identifying short candidates. Our portfolio of short stocks lost 25.7% since February 2017 (through September 30th) even though&nbsp;the market was up more than 33% during the same period. We just shared a list of 10 short targets&nbsp;in our latest quarterly update .” data-reactid=”13″>To most traders, hedge funds are assumed to be worthless, old financial tools of years past. While there are more than 8000 funds trading at the moment, Our researchers hone in on the elite of this club, approximately 750 funds. Most estimates calculate that this group of people watch over most of the smart money’s total asset base, and by keeping an eye on their top stock picks, Insider Monkey has uncovered many investment strategies that have historically surpassed Mr. Market. Insider Monkey’s flagship hedge fund strategy outperformed the S&P 500 index by around 5 percentage points annually since its inception in May 2014. We were able to generate large returns even by identifying short candidates. Our portfolio of short stocks lost 25.7% since February 2017 (through September 30th) even though the market was up more than 33% during the same period. We just shared a list of 10 short targets in our latest quarterly update .

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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Unlike some fund managers who are betting on Dow reaching 40000 in a year, our long-short investment strategy doesn’t rely on bull markets to deliver double digit returns. We only rely on hedge fund buy/sell signals. We’re going to take a look at the latest hedge fund action surrounding salesforce.com, inc. (NYSE:CRM).” data-reactid=”25″>Unlike some fund managers who are betting on Dow reaching 40000 in a year, our long-short investment strategy doesn’t rely on bull markets to deliver double digit returns. We only rely on hedge fund buy/sell signals. We’re going to take a look at the latest hedge fund action surrounding salesforce.com, inc. (NYSE:CRM).

What does smart money think about salesforce.com, inc. (NYSE:CRM)?

Heading into the third quarter of 2019, a total of 82 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -12% from the previous quarter. Below, you can check out the change in hedge fund sentiment towards CRM over the last 16 quarters. So, let’s examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Among these funds, Fisher Asset Management held the most valuable stake in salesforce.com, inc. (NYSE:CRM), which was worth $852.5 million at the end of the second quarter. On the second spot was Lone Pine Capital which amassed $446.3 million worth of shares. Moreover, Viking Global, Point State Capital, and Tiger Global Management LLC were also bullish on salesforce.com, inc. (NYSE:CRM), allocating a large percentage of their portfolios to this stock.” data-reactid=”39″>Among these funds, Fisher Asset Management held the most valuable stake in salesforce.com, inc. (NYSE:CRM), which was worth $852.5 million at the end of the second quarter. On the second spot was Lone Pine Capital which amassed $446.3 million worth of shares. Moreover, Viking Global, Point State Capital, and Tiger Global Management LLC were also bullish on salesforce.com, inc. (NYSE:CRM), allocating a large percentage of their portfolios to this stock.

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