5 Best Lithium Stocks To Buy Now

3. Albemarle Corporation (NYSE:ALB)

Number of Hedge Fund Holders: 37

Albemarle Corporation (NYSE:ALB) is a specialty chemicals manufacturing company headquartered in Charlotte, North Carolina. The company operates through three main divisions: lithium, bromine specialties, and catalysts. Albemarle emerged as the leading supplier of lithium for electric vehicle batteries by the year 2020.

At the end of Q3 2023, 37 hedge funds were bullish on Albemarle Corporation (NYSE:ALB), revealing holdings valued at $274.3 million. The overall hedge fund sentiment for the stock is positive. Philippe Laffont’s Coatue Management stands out as one of the top investors in Albemarle Corporation (NYSE:ALB), with stakes worth $100.5 million as of the third quarter.