06. Booz Allen Hamilton Holding Corporation (NYSE:BAH)
Number of Hedge Fund Holders: 41
Booz Allen Hamilton Holding Corporation (NYSE:BAH) provides management and technology consulting services to governments, corporations, and non-profits in the US and internationally. The company specializes in artificial intelligence, data science, and digital solutions, including machine learning, predictive modeling, and cyber services. With a focus on technology and engineering, Booz Allen Hamilton offers a range of services, from software engineering and systems integration to user experience design and digital product development, helping clients transform their businesses and achieve their goals.
On July 11, Booz Allen Hamilton Holding Corporation (NYSE:BAH) announced that its corporate venture capital arm, Booz Allen Ventures, LLC, has made a strategic investment in Quindar, a commercial space technology company, to automate and democratize satellite operations. The investment aligns with Booz Allen’s strategy to accelerate innovation for federal clients, particularly in the space domain. Quindar’s platform uses AI to analyze, test, and operate satellite constellations with minimal human intervention, aiming to “democratize space” and make space missions more efficient, secure, and accessible.
On July 1, Booz Allen Hamilton Holding Corporation (NYSE:BAH) announced a 7-year, $419 million contract with the National Science Foundation (NSF) to modernize and operate their merit review and grants management system. The company will use agile development, DevSecOps, and cloud technology to speed up and scale NSF’s mission-critical systems. Booz Allen Hamilton Holding Corporation (NYSE:BAH) will also leverage AI to positively impact citizens and foster scientific advancement. This contract builds on the company’s 20-year history of supporting NSF and demonstrates its expertise in managing complex technical mission stacks. The project will support over 20 NSF mission-critical applications and help the agency stay at the forefront of scientific discovery and technological advancements.
In the first quarter of 2024, the number of hedge funds with stakes in Booz Allen Hamilton Holding Corporation (NYSE:BAH) increased to 41 from 30 in the previous quarter, according to Insider Monkey’s database. The combined value of these stakes is approximately $0.27 billion. Israel Englander’s Millennium Management emerged as the largest stakeholder among these hedge funds during this period.
LVS Advisory stated the following regarding Booz Allen Hamilton Holding Corporation (NYSE:BAH) in its first quarter 2024 investor letter:
“We added Booz Allen Hamilton Holding Corporation (NYSE:BAH) to the growth portfolio in October 2023. I am highlighting Booz Allen this quarter because the exercise of comparing BAH to CACI serves as an interesting example of weighing the trade-offs between “quality” and “value” when picking stocks.
Booz Allen is a technology consulting firm specializing in government contracting. Founded in 1914, Booz Allen has a storied history partnering with the US Government which includes helping the US Navy prepare for World War II. These deep roots have helped engrain the Company into the fabric of Washington DC and provide a foundation for the business’ deep moat.
Not resting on its laurels, Booz Allen has relentlessly re-invested in its business by acquiring and retaining the top talent and technology in the government contracting space. This has translated into Booz Allen serving as one of the most awarded government contractors. The Company is the #1 provider of artificial intelligence to the US Federal Government with nearly 200 government AI contracts spanning defense, national security, and civil missions. Frost & Sullivan ranks Booz Allen as the most innovative company in the Global Managed Detection and Response Market. The Company is also ranked highly in broader surveys including Fortune’s ‘World’s Most Admired Companies’ and Glassdoor’s ‘Best 100 Places to Work’…” (Click here to read the full text)
