Hedge funds were buying as Zillow outperformed the S&P 500, rising by approximately 105.1% compared to the S&P’s gain of about 37.7% since the start of 2020.

positive second-quarter results, hedge funds were selling as institutions added.

Snap Inc. (SNAP) experienced soaring growth over the last ten months, significantly outperforming the S&P 500. The camera and social media company’s stock rose by approximately 357.0% since the start of 2020 compared to the S&P’s gain of about 39.1%. Given this astounding level of growth, it is understandable to see hedge funds and institutions actively buying.

Uber Technologies, Inc. (UBER) has been on a rocky path over the past year and a half, and the gains realized over the past six months appear to have stalled. The ride-sharing company’s stock has recently fallen, bringing it into alignment with the S&P 500. Uber rose by approximately 40.4% as of late August 2021 compared to the S&P 500’s gain of roughly 39.2% since the start of 2020.

Zoom Video Communications, Inc. (ZM) saw exceptional performance over the past year, significantly outperforming the S&P 500 and rising by approximately 400.9% compared to the S&P’s gain of about 39.6% since the start of 2020. The positivity continued as hedge funds and institutions actively bought the stock in the second quarter, aligning with the company’s rise on the WhaleWisdom Heatmap to 2 from 25.