So I just caught this article by Insider Monkey titled "What Do Hedge Funds Think of Exelixis, Inc.?", and my first thought was "Who cares?". I'll tell you why. Although the article states the contrary, hedge funds are notoriously bad at what they do. Check out this article from Investopedia that explains some of the reasons for starters. The short explanation is that Hedge funds chronically under perform the market. Even the name "Hedge Fund" is an indication of underperformance. If the market is going up, then the fund should be selling to reduce risk, and when the market is going down, it should be buying the bargains. The whole point of one of these funds is to reduce volatility, but lately most of them don't even do that. They take money from suckers who don't care if they lose any, basically in exchange for the right to tell people at the golf course that they're in a hedge fund. That's stupid. You shouldn't be happy about doing worse than the market, or even worse than the averages! So here's what I think about Exelixis (EXEL) instead. They suck. The company carries a market cap of $1.24 billion and last year took a loss of $268 million. That was $20 million more than the year before that, which was $97 million more than the year before that one. The company has a negative net worth of $178 million on their balance sheet. Hedge funds are buying it because they think it gives "price support" to an otherwise terrible business. It's all just a big game of musical chairs, and they will sell that position the first chance they get to make a profit on it. Hedge funds are not acting in your interest, they are not good at investing, and you should never follow what they are doing. Exelixis closed down 2 cents on Friday to $5.47.