Hedge fund favorite Qualcomm is up big today (about 18%) to a new 52 week high. I have written about the stock a few times in “Everyone loves Qualcomm” and “Hedge Fund Masters“. The next update to the tracking portfolios will be in about a month, but so far the two dummy clone strategies are killing the stock indices since inception (beginning of 2007). If you recall, they historically outperformed the indices in backtests to 2000 by about 5-12% a year.
Sign up for the ucoming AlphaClone beta here.
There are a ton of hedge funds that own this stock, and it reads like a who’s who of the best hedge funds: