Hedge Fund Favorites Outperform the Market, with Tesla Joining the Ranks for the First Time in Three Years.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 21 2025
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Source: MarketWatch
Hedge Fund Performance: Hedge fund favorite stocks have outperformed the broader market in 2023, with a notable return of 15% compared to 11% for the S&P 500.
Tesla's Comeback: For the first time since 2022, Tesla has made it onto the list of favored stocks by hedge funds, according to an analysis by Goldman Sachs.
Goldman Sachs Analysis: The findings are based on 13-F filings submitted to the Securities and Exchange Commission, highlighting the performance of what Goldman refers to as its “hedge fund VIP” list.
ETF Wrapper: The "hedge fund VIP" list is available through an ETF called GVIP, which tracks these high-performing stocks.
Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOGL is 338.25 USD with a low forecast of 279.00 USD and a high forecast of 390.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
34 Analyst Rating
27 Buy
7 Hold
0 Sell
Strong Buy
Current: 328.380
Low
279.00
Averages
338.25
High
390.00
Current: 328.380
Low
279.00
Averages
338.25
High
390.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
