Billionaire Cliff Asness Portfolio: 5 Stocks Under $20

2. Wipro Limited (NYSE:WIT)

AQR Capital Management’s Stake Value: $74.5 million

Percentage of AQR Capital Management’s 13F Portfolio: 0.13%

Number of Hedge Fund Holders: 14

Wipro Limited (NYSE:WIT), which is engaged in IT consulting and other services, generated robust returns for investors in the last two years both through share price gains and dividends. Its stock price is up 77% in the last twelve months. The company is backing its returns through its growth strategies and strong financial numbers. Its annual revenue run-rate surpassed the $10 billion mark after generating $2.65 billion in revenue for the September quarter. The addition of 116 clients during the quarter brought its total of active clients to 1,284. 

The number of long hedge funds’ positions increased to 14 as of June compared to 13 in the prior quarter. AQR Capital Management is the leading stakeholder in the company despite selling 31% of the stake in the September quarter.