5 Best Diversified Stocks To Invest In

4. General Electric Company (NYSE:GE)

Number of Hedge Fund Holders: 92

Headquartered in Boston, Massachusetts, General Electric Company (NYSE:GE) is a multinational conglomerate that was founded in 1982. General Electric Company (NYSE:GE) focuses on three main business components: energy solutions, healthcare technologies and jet engines. With a market capitalization of $188 billion, General Electric Company (NYSE:GE) ranks 4th in our list of the best diversified stocks to invest in. It recently said its renewable energy business, GE Vernova, is expected to spin off from the company on April 2.

2023 proved to be a tremendous year for General Electric Company (NYSE:GE), their earnings tripled and a 70% increase in cash flow was recorded as stated in the Q4 2023 Earnings Call Transcript driven by the launch of GE Aerospace and GE Vernova. These two launches serve as a catalyst of growth in terms of revenue and profit especially in commercial engines and services.

According to Q4 of 2023 in Insider Monkey’s database of 933 hedge funds, General Electric Company (NYSE:GE) has a contribution of 92 hedge funds and is one of the best diversified stocks with Chris Hohn’s TCI Fund Management being the biggest position holder with 41.7 million shares having net worth of $5.32 billion.