2 Stellar Growth Stocks Professional Money Managers Were Buying in Q1
The Nasdaq Composite fell 9% during the first quarter of the year, but that didn't stop professional money managers from piling into growth stocks. Josh Resnick of Jericho Capital Asset Management started a position in Tesla (NASDAQ: TSLA), immediately making it the second-largest position in his portfolio. Similarly, Alex Sacerdote of Whale Rock Capital Management bought 2.2 million shares of Arista Networks (NYSE: ANET), making it the sixth-largest position in his portfolio.
Notably, Whale Rock Capital Management and Jericho Capital Asset Management rank as two of the best-performing hedge funds over the past three years. Given Resnick's and Sacerdote's success, is it worth investing in Tesla and Arista Networks today?
Let's dive in.
Source Fool.com
