This article delves into the examination of the 14 best 52-week high stocks to buy now. To explore more such companies that meet comparable criteria, go directly to 5 Best 52-Week High Stocks To Buy Now.
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For this article, we first used a stock screener to identify stocks that recently hit 52-week highs or are currently trading their 52-week highs. We enumerated a list of stocks and narrowed down this list by choosing 14 52-week high stocks with market capitalization of at least $10 billion with the highest number of hedge fund investors. We gauged hedge fund sentiment for stocks using Insider Monkey’s database of 933 hedge funds and their holdings updated as of the end of fourth quarter last year.
On March 13, 2024, Lennar Corporation (NYSE:LEN) announced its fiscal Q1 profits that exceeded Wall Street expectations driven by continued demand for new unit construction amidst a historically low supply of existing homes. The company delivered 16,798 homes for the quarter ended February 29, marking a 23% surge from the prior year.
According to Insider Monkey’s database of 933 hedge funds in Q4 of 2023, Lennar Corporation (NYSE:LEN) has 65 hedge funds. Edgar Wachenheim’s Greenhaven Associates is the largest shareholder with 9 million shares valued at $1.35 billion.
Number of Hedge Fund Holders: 65
CRH plc (NYSE:CRH), headquartered in Dublin, Ireland, is an international group of diversified building materials businesses in the construction industry.
According to Insider Monkey's Q4 2023 database, CRH plc is held by 65 funds out of 933 elite hedge funds. Alexander Mitchell’s Scopus Asset Management is the largest shareholder of the company, holding 410,000 shares valued at $28.4 million.
Number of Hedge Fund Holders: 68
Spotify Technology S.A. (NYSE:SPOT), headquartered in Luxembourg, provides audio streaming services, offering both online and offline music and podcast streaming, along with ad-free music listening options. Its subscription plans include Family, Student, and Duo options.
According to Insider Monkey's database of 933 elite hedge funds, Spotify Technology S.A. (NYSE:SPOT) is among the best 52-week high stocks to invest in, with 68 funds holding shares as of Q4 2023. Ken Griffin’s Citadel Investment Group has the largest stake in the company, with 1.7 million shares valued at $311.2 million.
Number of Hedge Fund Holders: 69
DexCom, Inc. (NASDAQ:DXCM) is a medical device manufacturing company since 1999, focusing on the design, development, and commercialization of continuous glucose monitoring (CGM) systems. DexCom, Inc. (NASDAQ:DXCM) said in March that its new over-the-counter continuous glucose monitor, Stelo, has received clearance from the US Food and Drug Administration.
Ken Griffin’s Citadel Investment Group is the largest shareholder of the company, holding 2.4 million shares worth $294.8 million. DexCom, Inc. (NASDAQ:DXCM), is a compelling choice for investors among the best 52-week high stocks, with 69 funds holding shares according to Insider Monkey’s Q4 2023 database of 933 hedge funds.
Number of Hedge Fund Holders: 69
McKesson Corporation (NYSE:MCK) is a healthcare services company founded in 1833 by John Mckesson and Charles Olcott in New York. It serves as a prominent pharmaceutical distributor, offering a wide range of services, including health care supply chain management, oncology, specialty care, retail pharmacy and health care information technology services.
Along with Micron Technology, Inc. (NASDAQ:MU), The Walt Disney Company (NYSE:DIS) and Netflix, Inc. (NASDAQ:NFLX), McKesson Corporation (NYSE:MCK), is considered as one of the best 52-week high stocks to invest in.
Number of Hedge Fund Holders: 71
Boston Scientific Corporation (NYSE:BSX) is a medical technology company specializing in the development, manufacturing and commercialization of devices for various medical specialties. Boston Scientific Corporation (NYSE:BSX) is at the forefront of medical innovation and technology and is considered one of the best 52-week high stocks. It sells its products both directly and through distributers and dealers in Europe, Africa, the Middle East, Asia Pacific and the Americas.
According to Insider Monkey’s database of 933 hedge funds, Boston Scientific Corporation (NYSE:BSX) has a stake of 71 funds as per Q4 of 2023. Ken Griffin’s Citadel Investment Group is the largest shareholder of the company, with 9 million shares valued at $519.2 million.
Number of Hedge Fund Holders: 73
Fiserv, Inc. (NYSE:FI) is a fintech and payments company, offering solutions to thousands of financial institutions and businesses in more than 100 countries. It operates globally with headquarters in Brookfield, Wisconsin, USA.
Fiserv, Inc. (NYSE:FI) is one of the best 52-week high stocks that has experienced a significant gain of 18% in Q4 of 2024.
According to Insider Monkey’s database of 933 hedge funds, Fiserv, Inc. (NYSE:FI) had stakes held by 73 funds as of Q4 2023. Natixis Global Asset Management's Harris Associates emerged as the largest shareholder of the company, possessing 15 million shares valued at $2 billion.
Number of Hedge Fund Holders: 75
Vertiv Holdings Co (NYSE:VRT), formerly known as Emerson Network Power Inc., is headquartered in Columbus, Ohio, USA. The company focuses on critical digital infrastructure technology, offering a product range that includes embedded computing systems, power and UPS systems, thermal management systems, and data center solutions like racks and enclosures.
Number of Hedge Fund Holders: 76
The Cigna Group (NYSE:CI) was founded in 1792, with headquarters in Bloomfield, CT. It is a global health service provider that operates across several segments, including Health Services, Integrated Medical, International Markets, and Group Disability and Other.
The Cigna Group (NYSE:CI) has agreed to sell its Medicare health benefits division and medical care provider services to Health Care Service Corp. for $3.3 billion.
According to Insider Monkey's database, Larry Robbin’s Glenview Capital holds the largest position in The Cigna Group (NYSE:CI) with 2.1 million shares valued at approximately $641.6 million.
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Disclosure: None. 14 Best 52-Week High Stocks To Invest In Now is originally published on Insider Monkey.
