However, hedge funds have been bullish on both companies and have either not foreseen the sales declines for both companies, which is unlikely, or consider that it will not affect the companies as much as expected, which suggests that the declines of the stocks are an overreaction. Analysts also consider the declines of both stocks as overreaction, as most of them reiterated bullish ratings on both companies. Nevertheless, we will focus on hedge funds’ moves surrounding GoPro and Ambarella. We gather these figures from 13F filings, which we also use to determine the top 15 small-cap ideas held by over 700 funds we...