(Bloomberg) -- Equity hedge funds such as Philippe Laffont’s Coatue Management and Andreas Halvorsen’s Viking Global Investors are making money in 2019, boosted by a strong stock market.

Coatue’s flagship hedge fund returned 3.7% last month and 12% this year through April, according to people familiar with the firm. Laffont’s firm, which focuses on investing in technology, media and telecommunications stocks, managed about $16 billion as of Dec. 31.

Viking’s Global Equities was up 0.8% in April and 11% in 2019, said some of the people, asking not to be identified because the information isn’t public. Viking manages $28 billion in assets, including $16.8 billion in the Global Equities hedge fund, which suffered from plunging oil prices at the end of 2018 yet still managed to gain 1% for the year.

Industrywide, funds gained 1.5% last month and 6.6% year-to-date on average, according to Bloomberg’s Hedge Fund Database. Still, the S&P 500 Index has persistently outperformed the industry, returning about 4% in April and 18% in the first four months of 2019, with reinvested dividends.

Renaissance Technologies, the $60 billion quantitative hedge fund firm founded by billionaire James Simons, also is getting a boost from the stock market. Its Renaissance Institutional Equities Fund, or RIEF, gained 2% in April and 7% this year, other people said. The same fund, which managed about $29 billion in assets as of March, bucked last year’s stock tumult, gaining 8.5 percent in 2018.

Steve Cohen’s multistrategy firm Point72 Asset Management also has been among the better performers, returning 2.5% in April and 7.4% in 2019, another person said.

Earlier: Citadel’s Flagship Hedge Funds Are Said to Return 10% This Year

Here’s how other hedge funds fared through April:

Representatives for the firms declined to comment.

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