Billionaire Cliff Asness Portfolio: 5 Stocks Under $20

3. Harmony Gold Mining Company Limited (NYSE:HMY)

AQR Capital Management’s Stake Value: $57.5 million

Percentage of AQR Capital Management’s 13F Portfolio: 0.10%

Number of Hedge Fund Holders: 12

Billionaire Cliff Asness’ hedge fund declined its stake by 22% in Harmony Gold Mining Company Limited (NYSE: HMY) during the third quarter. Shares of the company have been under pressure since the beginning of this year due to a decline in gold prices. Besides that, the mining company looks strong with a 32% growth in gold production in the September quarter along with a 23% reduction in net debt. Dividend investors can also consider Harmony Gold amid its dividend yield of 2.2%.  

AQR Capital Management and David Iben’s Kopernik Global Investors were the leading stakeholders in the company. Harmony Gold was in 12 hedge funds’ portfolios as of June.