Pandora Media, Inc. (P) stock has soared by nearly 70% in 2018. In the middle of September Sirius XM Holdings, Inc. (SIRI)  announced it would buy the streaming music company for $3.5 billion in an all-stock transaction.

Whale Wisdom added Pandora’s stock to the WhaleWisdom 100 Index on August 15. That was when 13F filings revealed that institutional investors were purchasing the shares of Pandora during the second quarter of 2018.  Over the past year, the WhaleWisdom 100 Index has increased by nearly 10% almost double the pace of the S&P 500.

This past week Bill Ackman’s Pershing Square revealed at the Grant’s Fall Conference a 1.1% stake in Starbucks Corp. (SBUX). However, the hedge fund’s performance has been less than inspiring in recent years with big flops along the way.

Talend SA (TLND) stock has climbed by over 82% in 2018 driven by strong revenue growth. The stock’s growth hasn’t gone unnoticed because hedge funds and institutions were adding the stock to their portfolio in the second quarter. As a result, Whale Wisdom included the stock in the WhaleWisdom 100 Index in the middle of August.

What is surprising is that smart money hedge funds where holding IBM during the second quarter of 2018. IBM remained on the WhaleWisdom Heatmap but fell to number 99 from 58. Since the second quarter ended the shares of IBM have risen by over 8% even beating the S&P 500’s gain of 7%.

Hedge Funds were dumping Twitter in enormous quantities in the second quarter. To what should be no surprise, the stock has fallen by more than 27% from its June highs. Shares of the social media company fell hard after reporting monthly active users fell in the second quarter. Investors took little comfort in the company […]