According to CNBC, the top three performing hedge funds in 2013 as compared to the S&P 500 are: Glenview Capital Opportunity Fund-Up 97 percent as of Monday. Positions in healthcare, hospitals, and major consumer service stocks propelled the fund over the red hot S&P 500. Paulson Recovery Fund-Up 60 percent as of Monday. Positions in housing and financials helped generate those returns. Ultra Fund, an extension of Third Point LLC-Up 39 percent as of December. Positions in structured credit, benefits from targeted takeover companies, and Japanese holdings drove most of the fund’s return.