(NASDAQ:RAPT) was held by Perceptive Advisors, which reported holding $78.7 million worth of stock at the end of June. The largest stake in RAPT Therapeutics, Inc. So, let’s review which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
Below, you can check out the change in hedge fund sentiment towards RAPT over the last 24 quarters. Do Hedge Funds Think RAPT Is A Good Stock To Buy Now?Īt the end of the second quarter, a total of 21 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 62% from the first quarter of 2020. With all of this in mind we’re going to view the fresh hedge fund action regarding RAPT Therapeutics, Inc.
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You can subscribe to our free daily newsletter on our homepage. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can.
We go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. That’s why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.Īt Insider Monkey, we scour multiple sources to uncover the next great investment idea. Insider Monkey’s monthly stock picks returned 185.4% since March 2017 and outperformed the S&P 500 ETFs by more than 79 percentage points ( see the details here). We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. In the financial world there are a large number of tools investors have at their disposal to grade stocks. Our calculations also showed that RAPT isn’t among the 30 most popular stocks among hedge funds (click for Q2 rankings). There were 13 hedge funds in our database with RAPT holdings at the end of March. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. The all time high for this statistic was previously 16. (NASDAQ: RAPT) was in 21 hedge funds’ portfolios at the end of June. (NASDAQ: RAPT) investors should pay attention to an increase in enthusiasm from smart money lately.