We at Insider Monkey have gone over 700 13F filings that hedge funds and prominent investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of December 31st. In this article we look at what those investors think of IQVIA Holdings, Inc. (NYSE:IQV).

Is IQVIA Holdings, Inc. a buy here? The smart money is becoming more confident. The number of long hedge fund bets advanced by 1 lately. Even though our calculations also showed that IQV isn’t among the 30 most popular stocks among hedge funds, overall hedge fund sentiment towards IQV currently sits at its all time high.

Hedge funds’ reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn’t keep up with the unhedged returns of the market indices. Our research has shown that hedge funds’ large-cap stock picks indeed failed to beat the market between 1999 and 2016. However, we were able to identify in advance a select group of hedge fund holdings that outperformed the market by 32 percentage points since May 2014 through March 12, 2019 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that’ll significantly underperform the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 27.5% through March 12, 2019. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.

Let’s take a gander at the recent hedge fund action regarding IQVIA Holdings, Inc. (NYSE:IQV).

How are hedge funds trading IQVIA Holdings, Inc. (NYSE:IQV)?

At Q4’s end, a total of 49 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 2% from the second quarter of 2018. The graph below displays the number of hedge funds with bullish position in IQV over the last 14 quarters. So, let’s see which hedge funds were among the top holders of the stock and which hedge funds were making big moves.