Stephen Taub For Members Only The Returns of Hedge Funds’ Favorite Stocks Are Not Signaling ‘Portfolio Protection’ An II analysis of SEI data shows that twelve of the 20 most widely-held stocks were in the red and trailing the benchmarks in the first quarter. Stephen Taub April 2, 2025 Close up of a forest floor and textures on a mountain footpath in a dense lush alpine forest. Capchure/Getty Images