Johnson & Johnson Co. (JNJ) has seen slower growth over the past year but, in recent months, has shown its ability to outperform the S&P 500. Johnson & Johnson rose by approximately 10% compared to the S&P’s loss of about 10% over the past year. Hedge funds were buying in the first quarter, and this healthcare-focused holding company was added to the WhaleWisdom WhaleIndex on May 17, 2022.

Palo Alto Networks, Inc. (PANW) has outperformed the S&P 500, rising by approximately 25% compared to the S&P 500’s decline of roughly 10% over the past year. Hedge funds were buying in the first quarter of 2022 as demand for cybersecurity solutions remained strong, and the cybersecurity leader saw continued market growth. As a result, it was added to the WhaleWisdom WhaleIndex 100 on May 17, 2022.

CrowdStrike Holdings, Inc. (CRWD) saw its stock rebound slightly in June, after almost six months of disappointing performance during a volatile market. CrowdStrike continues to underperform the S&P 500, declining by approximately 25%, while the S&P has been flat over the past year. Despite the fluctuations, hedge funds were actively buying the stock in the first quarter, though the stock slid on the WhaleWisdom Heatmap to thirteen from nine.

Palo Alto Networks, Inc. (PANW) continues to weather market volatility in 2022. Hedge funds were buying as the company outperformed the S&P 500. Palo Alto Network’s stock rose by over 30%, compared to the S&P 500, which has been unchanged over the past year. The cybersecurity leader was added to the WhaleWisdom Whale Index on May 17, 2022.

Shopify, Inc. (SHOP) faced market volatility and a sharp decline in value over the past five months. The stock underperformed the S&P 500, declining by roughly 72.9% compared to the S&P 500’s loss of around 13.3% over the past year. Hedge funds have been actively selling Shopify’s shares, but the stock rose on the WhaleWisdom Heatmap to a rank of 14 from 22.