Were Hedge Funds Right About Dumping Redfin Corporation (RDFN)?
With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter of 2021. One of these stocks was Redfin Corporation (NASDAQ:RDFN).
Is
Redfin Corporation (NASDAQ:RDFN) the right pick for your portfolio? Prominent investors were in a bearish mood. The number of bullish hedge fund bets fell by 3 recently. Redfin Corporation (NASDAQ:RDFN) was in 18 hedge funds’ portfolios at the end of the first quarter of 2021. The all time high for this statistic is 28. Our calculations also showed that RDFN isn’t among the 30 most popular stocks among hedge funds (click for Q1 rankings).
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