5 Best Prison And Law Enforcement Stocks To Buy Now

2. CACI International Inc (NYSE:CACI)

Number of Hedge Fund Holders: 33

CACI International Inc (NYSE:CACI) provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization. On December 12, CACI International Inc (NYSE:CACI) announced that it was awarded a five-year, single-award, task order valued at up to $420 million from the US Army.

At the end of the third quarter of 2023, 33 hedge funds in the database of Insider Monkey held stakes worth $412 million in CACI International Inc (NYSE:CACI), compared to 32 in the previous quarter worth $586 million.

In its Q3 2023 investor letter, Horizon Kinetics, an asset management firm, highlighted a few stocks and CACI International Inc (NYSE:CACI) was one of them. Here is what the fund said:

“Companies involved in packaging, managing, and transacting with digital assets (i.e., securities exchanges and asset managers) are a focus of the Fund, but those operations are not entirely necessary to qualify a company as being a blockchain beneficiary. CACI International (CACI), a defense electronics contractor, interestingly enough, is becoming involved in blockchain technology from an entirely different entry point: data analysis, and the kind that can come with barriers to entry (95% of its revenues come from the U.S. government).

There is a treasure trove of data available through public, distributed ledgers. And there is a lot of value in knowing who supplied the funds, where else have they been spent, and what fiat currency onramps or offramps are connected to the transaction. These are questions that can typically be answered with enough detective work. Even if specific parties cannot be identified, trends and narratives can be analyzed just by the flow of activity, since all the transaction data of every single token, from the time it was created, resides on the blockchain.”