Billionaire Cliff Asness Portfolio: 5 Stocks Under $20

4. Ford Motor Company (NYSE:F)

AQR Capital Management’s Stake Value: $53.4 million

Percentage of AQR Capital Management’s 13F Portfolio: 0.09%

Number of Hedge Fund Holders: 55

AQR Capital slashed its stake in Ford Motor Company (NYSE:F) by 44% in the third quarter to capitalize on the share price run. Despite that, the firm held $53.4 million worth of stake in the company. Ford’s stock price is up 121% in the last twelve months, driven by improving economic trends. The company posted $33 billion in revenues and its earnings per share of $0.51 topped expectations by $0.24 per share. The company also resumed dividends after strong third-quarter earnings boosted its cash flows. Looking ahead, the company expects to invest $40 to $45 billion in growth opportunities. 

Hedge funds look bullish over the future fundamentals of Ford Motor Company. Of the 873 hedge funds tracked by Insider Monkey, 55 were bullish about the company as of June.