In this piece, we will take a look at the five high growth large cap stocks to invest in. For more stocks, head on over to 15 High Growth Large Cap Stocks to Invest In.
5. Sociedad Química y Minera de Chile S.A. (NYSE:SQM)
Q/Q Sales Growth: 339%
Number of Hedge Fund Holders in Q3 2022: 34
Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is a specialty materials and chemicals company with customers in several industries such as agriculture, pharmaceuticals, and electronics manufacturing. It is based in Santiago, Chile.
Sociedad Química y Minera de Chile S.A. (NYSE:SQM)’s fiscal third quarter, which ended in September 2022, saw the firm rake in $1.6 billion in revenue, which marked a whopping 339% growth. Insider Monkey’s Q3 2022 survey of 920 hedge funds revealed that 34 had held a stake in the company.
Out of these, Israel Englander’s Millennium Management is Sociedad Química y Minera de Chile S.A. (NYSE:SQM)’s largest investor with a $138 million stake that comes via 1.7 million shares.
Follow Chemical & Mining Co Of Chile Inc (NYSE:SQM)
Follow Chemical & Mining Co Of Chile Inc (NYSE:SQM)
4. Coterra Energy Inc. (NYSE:CTRA)
Q/Q Sales Growth: 472%
Number of Hedge Fund Holders in Q3 2022: 39
Coterra Energy Inc. (NYSE:CTRA) is an oil and gas company that explores petroleum products and sells them to industrial users, marketing companies, and other groups. It is based in Houston, Texas.
Owing to the high demand for American natural gas, Coterra Energy Inc. (NYSE:CTRA)’s revenue of $2.5 billion in its September 2022 quarter marked a massive 472% growth. Insider Monkey’s Q3 2022 survey of 920 hedge funds revealed that 39 had invested in the firm.
Coterra Energy Inc. (NYSE:CTRA)’s largest investor is Ric Dillon’s Diamond Hill Capital which owns 4.4 million shares that are worth $110 million.
Follow Coterra Energy Inc. (NYSE:CTRA)
Follow Coterra Energy Inc. (NYSE:CTRA)
3. argenx SE (NASDAQ:ARGX)
Q/Q Sales Growth: 1,986%
Number of Hedge Fund Holders in Q3 2022: 36
argenx SE (NASDAQ:ARGX) is a biotechnology company that develops treatments for diseases such as myopathy and cancer. The firm is headquartered in Breda, the Netherlands.
argenx SE (NASDAQ:ARGX)’s fiscal third quarter which ended in September 2022 saw the firm report $146 million in revenue, which marked a 1,986% annual growth. 36 of the 920 hedge funds part of Insider Monkey’s Q3 2022 study had held a stake in the firm.
argenx SE (NASDAQ:ARGX)’s largest investor is Kurt Von Emster’s VenBio Select Advisor which owns 1.2 million shares that are worth $479 million.
Follow Argenx Se (NASDAQ:ARGX)
Follow Argenx Se (NASDAQ:ARGX)
2. Rivian Automotive, Inc. (NASDAQ:RIVN)
Q/Q Sales Growth: 53,500%
Number of Hedge Fund Holders in Q3 2022: 30
Rivian Automotive, Inc. (NASDAQ:RIVN) is an electric vehicle manufacturer that makes and sells pickup trucks and SUVs. It is based in San Jose, California.
Rivian Automotive, Inc. (NASDAQ:RIVN) has been taking off over the past year, as it starts to make its vehicle deliveries. These propelled its revenue by a massive 53,500% to $536 million during last year’s third quarter. In the same time period, 30 of the 920 hedge funds polled by Insider Monkey had invested in the firm.
Rivian Automotive, Inc. (NASDAQ:RIVN)’s largest investor is George Soros’ Soros Fund Management which owns 14.3 million shares that are worth $264 million.
Follow Rivian Automotive Inc. / De (NASDAQ:RIVN)
Follow Rivian Automotive Inc. / De (NASDAQ:RIVN)
1. Lucid Group, Inc. (NASDAQ:LCID)
Q/Q Sales Growth: 84,148%
Number of Hedge Fund Holders in Q3 2022: 15
Lucid Group, Inc. (NASDAQ:LCID) is an electric vehicle manufacturer headquartered in Newark California that makes and sells luxury cars.
Like Rivian, Lucid Group, Inc. (NASDAQ:LCID) is also experiencing strong growth as its deliveries start to kick off. its Q3 earnings saw the firm post $195 million in revenue, for a massive 84,148% annual growth. By the end of Q3 2022, 15 of the 920 hedge funds polled by Insider Monkey had bought the firm’s shares.
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Follow Lucid Group Inc.
Disclosure: None. You can also take a peek at 15 Biggest Non-Tech Companies in the World and Top 20 Financial Cities in the World.
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