In this article, we will take a look at the 5 best 52-week high stocks to invest in now. To explore more about such companies, head over to 14 Best 52-Week High Stocks To Invest In Now.
5. General Motors Company (NYSE:GM)
Number of Hedge Fund Holders: 83
General Motors Company (NYSE:GM) is a leading automobile manufacturer headquartered in Detroit, Michigan, USA. Established in 1908 by William C. Durant, the company operates through the segments of GM North America, GM International, Cruise, and GM Financial.
According to Insider Monkey’s database, Natixis Global Asset Management’s Harris Associates holds the largest position in General Motors Company (NYSE:GM) with 35.8 million shares valued at approximately $1.28 billion. Notably, General Motors Company (NYSE:GM) is represented by a total of 83 funds among the top hedge funds listed in the Q4 2023 database.
4. Citigroup Inc. (NYSE:C)
Number of Hedge Fund Holders: 87
Established in 1812 and headquartered in New York, NY, Citigroup Inc. (NYSE:C) is a globally renowned financial services holding company that provides a comprehensive range of financial services to individual and corporate clients. Its offerings encompass investment banking, retail brokerage, corporate banking, and cash management products globally.
According to Insider Monkey’s Q4 2023 data, Citigroup Inc. (NYSE:C) is supported by 87 hedge funds out of 933. The primary shareholder is Warren Buffett’s Berkshire Hathaway, holding 55.2 million shares valued at $2.84 billion.
3. Netflix, Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders: 89
Netflix, Inc. (NASDAQ:NFLX) stands as a subscription-based streaming service that provides an extensive catalog of movies, TV shows, and original content. Co-founded by Marc Randolph and Wilmot Reed Hastings Jr. on August 29, 1997, the company is headquartered in Los Gatos, CA. Its operations are divided into the following segments: Domestic Streaming, International Streaming, and Domestic DVD.
2. The Walt Disney Company (NYSE:DIS)
Number of Hedge Fund Holders:89
The Walt Disney Company (NYSE:DIS) is a prominent American multinational conglomerate in the mass media and entertainment industry. It effectively manages the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment, and Direct-to-Consumer and International (DTCI). Established by Walter Elias Disney on October 16, 1923, the company is headquartered in Burbank, CA.
1. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holders: 92
Micron Technology, Inc. (NASDAQ:MU), headquartered in Boise, Idaho, is a major semiconductor firm renowned for its memory and storage solutions. It operates through four principal divisions: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Storage Business Unit (SBU), and Embedded Business Unit (EBU). Established in October 1978 by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman, Micron Technology, Inc. (NASDAQ:MU) continues to innovate in the semiconductor sector.
Disclosure: None. You can also take a look at 12 Stocks Most Bought By Hedge Funds and 12 Best Blue Chip Stocks To Invest In According to Hedge Funds
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