5 Best Young Stocks to Buy and Hold For 20 Years

4. Arm Holdings plc. (NASDAQ:ARM)

Number of Hedge Fund Holders: 35

Cambridge, UK-based Arm Holdings plc. (NASDAQ:ARM) is the leading technology provider of processor IP. It architects, develops, and licenses high-performance, low-cost, and energy-efficient CPU products and related technology, on which many of the world’s leading semiconductor companies and OEMs rely to develop their products.

Arm Holdings plc. (NASDAQ:ARM) announced the closing of its IPO on September 18, 2023. It comprised the sale of 102.5 million American Depositary Receipts of the company at a price of $51 per share. Its shares are currently trading nearly 25% above the IPO price.

On November 8, Arm Holdings plc. (NASDAQ:ARM) released its financial results for three months ended September 30, 2023. Its revenues increased by 28% y-o-y to $806 million, while it generated a net loss of $196 million.

Arm Holdings plc. (NASDAQ:ARM) shares were held by 35 hedge funds with total value of $1.6 billion, as of September 30. Rajiv Jain’s GQG Partners held the most shares among hedge funds with ownership of 16.4 million shares valued at $877 million. Ken Griffin’s Citadel Investment Group and Paul Singer’s Elliott Management also ranked among the top five hedge fund shareholders of the company.