Intel Corp. (INTC) underperformed the S&P 500, falling roughly 45% compared to the S&P 500’s loss of about 20% over the past year. Amidst challenging economic conditions, hedge funds were actively selling Intel’s shares.
Netflix, Inc. (NFLX) experienced a challenging year navigating 2022’s tumultuous market. Netflix had disappointing performance and faced strong competition. Fortunately, Netflix saw a mild rebound in October but continues to underperform the S&P 500. Netflix has fallen by approximately 60% compared to the S&P’s decline of about 12% as of October 27, 2022, over the past year. Hedge funds were actively selling the stock in the second quarter, though the stock rose on the WhaleWisdom Heatmap to a ranking of nine from sixteen.
UnitedHealth Group Inc. (UNH) stock slower has dropped over the past year, though the company significantly outperformed the S&P 500, rising by approximately 22% compared to the S&P’s loss of about 21% as of October 20, 2022. Hedge funds were selling, and the healthcare company landed on the WhaleWisdom HeatMap at a ranking of three.
Charles Schwab Corp (SCHW) saw improvements over the past few months and outperformed the S&P 500. Despite recent gains, the shares of Charles Swab have fallen approximately 10% compared to the S&P’s loss of about 19% over the past year. Hedge funds were actively buying the stock in the second quarter, and this financial services company was added to the WhaleWisdom WhaleIndex on August 16, 2022.
Berkshire Hathaway, Inc. (BRK.A, BRK.B) has trudged ahead through market fluctuations over the past nine months. While hedge funds were selling, Berkshire Hathaway’s class B shares outperformed the S&P 500 amidst a bear market. Berkshire Hathaway’s stock rose by approximately 8.6% compared to the S&P’s loss of about 2.3% over the past year.