Many of the history’s big winners are firms that have a new product or service that’s changing how a ton of people live, and we think Peloton Interactive fits right in that category, notes Mike Cintolo, editor of Cabot Growth Investor.

Below is a summary of what some of the most popular hedge funds did during the most turbulent quarter for capital markets since the financial crisis.

Stifel analyst Scott Devitt raised the firm's price target on Peloton Interactive to $55 from $50 and keeps a Buy rating on the shares after the company yesterday morning disclosed it had surpassed 1M connected fitness subscribers.

Peloton Interactive reported quarterly losses of 20 cents per share on Wednesday, which missed the analyst consensus estimate by 2 cents.

Peloton is scheduled to report Q3 earnings today, after the market close.