Mario Gabelli Stock Picks for 2023: Top 5

3. Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)

GAMCO Investors’ Q4 2022 Stake: $163 million

Number of Hedge Fund Holders in Q3 2022: 26

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) is an engine company that makes powerplants for rockets and hypersonic propulsion vehicles. The firm is based in El Segundo, California.

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)’s RS-25 engines are powering America’s return to the Moon, as they are the main liquid fuel engines for NASA’s Space Launch System rocket that conducted a successful Moon mission late last year. By Q3 of 2022 end, 26 of the 920 hedge funds polled by Insider Monkey had bought the company’s shares.

Mario Gabelli’s GAMCO Investors owns 2.9 million Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) shares worth $163 million.

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)’s largest hedge fund investor is William Lichtenstein’s Steel Partners which owns 3.5 million shares that are worth $201 million.

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