5 GMO Stocks to Invest in Now

3. AquaBounty Technologies, Inc. (NASDAQ:AQB)

Number of Hedge Fund Holders: 9

AquaBounty Technologies, Inc. (NASDAQ:AQB) is a Massachusetts-based biotechnology company that seeks to improve productivity in the commercial aquaculture industry across the United States and Canada. The company specializes in genetic, genomic, and fish nutrition activities. 

AquaBounty Technologies, Inc. (NASDAQ:AQB) reported harvesting 91 tons of salmon in Q4 2021, an 8% improvement over the third quarter. To fulfill the rising market demand for its genetically engineered salmon, the company is starting construction of a next-generation 10,000 metric ton farm in Pioneer, Ohio. The farming facility will become operational in late 2023. 

According to the fourth quarter database of Insider Monkey, 9 hedge funds were bullish on AquaBounty Technologies, Inc. (NASDAQ:AQB), up from 6 funds in the last quarter. Cathie Wood’s ARK Investment Management is the biggest shareholder of AquaBounty Technologies, Inc. (NASDAQ:AQB), with 5.3 million shares worth more than $11 million.