Billionaire Bruce Kovner’s Trading Strategy and Top 5 Picks

4. The AES Corporation (NYSE: AES)

Number of Hedge Fund Holders: 38

Utility stock The AES Corporation (NYSE: AES) was added to Caxton Associates portfolio during the fourth quarter. The firm held 2.1 million shares of AES at the end of December, accounting for 3.42% of the overall portfolio. AES Corporation’s share price grew 20% since the beginning of this year, enlarging twelve-month gains to 123%.

The number of long hedge fund bets moved up by 6 recently. The AES Corporation was in 38 hedge funds’ portfolios at the end of the fourth quarter of 2020 compared to 32 positions in the previous quarter.