Qualcomm Inc. (QCOM) continues to face market volatility and a decline in growth, though the company has outperformed the S&P 500. As of September 2, 2022, Qualcomm was down by approximately 10% compared to the S&P 500’s loss of about 12% over the past year. In the second quarter of 2022, the company made the WhaleWisdom Heatmap with a rank of two.
UnitedHealth Group, Inc. (UNH) has made steady gains over the past year, despite a challenging market. Though hedge funds were selling in the second quarter, the company continued to climb the WhaleWisdom Heatmap to a rank of three in the second quarter. UnitedHealth Group has significantly outperformed the S&P 500, rising by approximately 30% compared to the S&P’s loss of about 5% over the past year.
Nvidia Corp. (NVDA) continues to navigate market volatility, keeping pace with the S&P 500’s performance with an overall decline of about 10% as of August 18, 2022, over the past year. Hedge funds were actively selling the technology stock in the second quarter, influenced by financial updates. However, Nvidia still rose on the WhaleWisdom Heatmap to a rank of one from nineteen.
Apple Inc. (AAPL) weathered market volatility over the past year and has outperformed the S&P 500, also rising on the WhaleWisdom Heatmap to eight from thirteen. While hedge funds were selling in the first quarter, Apple rose by approximately 18% as of August 12, 2022, compared to the S&P’s loss of about 5% over the past year.
Etsy, Inc. (ETSY) underperformed the S&P 500, seeing a loss of roughly 50% compared to the S&P 500’s loss of around 5% over the past year. Despite market volatility, hedge funds were actively buying Etsy’s shares, and the stock was added to the WhaleWisdom Whale Index 100 on May 17, 2022.