In this piece, we will take a look at the five best asset management stocks to buy now. If you want to skip our overview of financial markets and recent trends, then you can take a look at the 11 Best Asset Management Stocks to Buy Now.
5. Blackstone Inc. (NYSE:BX)
Number of Hedge Fund Shareholders In Q3 2023: 49
Blackstone Inc. (NYSE:BX) is another well known asset management firm. Its latest financial report for the fourth quarter saw the firm report a massive $1 trillion in assets under management, even though troubles in the real estate industry affected some business divisions.
By Q3 2023 end, 49 out of the 910 hedge funds tracked by Insider Monkey had bought and owned Blackstone Inc. (NYSE:BX)’s shares. Thomas Steyer’s Farallon Capital was the firm’s biggest hedge fund shareholder due to its $238 million stake.
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4. The Bank of New York Mellon Corporation (NYSE:BK)
Number of Hedge Fund Shareholders In Q3 2023: 51
The Bank of New York Mellon Corporation (NYSE:BK) is a diversified financial services firm that serves as a bank and as an investment manager. The firm has beaten analyst EPS estimates in all four of its latest quarters, and the shares are rated Buy on average.
During last year’s September quarter, 51 out of the 910 hedge funds profiled by Insider Monkey were the firm’s shareholders. The Bank of New York Mellon Corporation (NYSE:BK)’s largest stakeholder in our database is Jean-Marie Eveillard’s First Eagle Investment Management as it owns $692 million worth of shares.
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3. BlackRock, Inc. (NYSE:BLK)
Number of Hedge Fund Shareholders In Q3 2023: 54
BlackRock, Inc. (NYSE:BLK) is one of the most well known asset managers in the world as it holds lucrative stakes in some of the world’s biggest companies. February 2024 saw the firm keep its pedal on the metal as its freshly launched Bitcoin ETF became the first to cross $2 billion in assets under management (AUM).
After digging through 910 hedge fund holdings for 2023’s third quarter, Insider Monkey discovered 54 BlackRock, Inc. (NYSE:BLK) shareholders. Ken Fisher’s Fisher Asset Management was the biggest investor through its $1.2 billion investment.
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2. KKR & Co. Inc. (NYSE:KKR)
Number of Hedge Fund Shareholders In Q3 2023: 69
KKR & Co. Inc. (NYSE:KKR) is a diversified investment company that manages alternative assets such as real estate and energy. The firm entered February 2024 on a strong note as it raised a whopping $6.4 billion for Asia-Pacific’s biggest infrastructure fund in history.
As of September 2023 end, 69 out of the 910 hedge funds covered by Insider Monkey’s research had invested in the firm. KKR & Co. Inc. (NYSE:KKR) largest hedge fund shareholder is Natixis Global Asset Management’s Harris Associates due to its $1.6 billion stake.
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1. Apollo Global Management, Inc. (NYSE:APO)
Number of Hedge Fund Shareholders In Q3 2023: 76
Apollo Global Management, Inc. (NYSE:APO) is a global asset management firm with a presence in North America, Asia, and Europe. Like several other firms, it also started 2024 on a strong note after acquiring a stake in a Spanish vehicle testing company.
76 out of the 910 hedge funds tracked by Insider Monkey were Apollo Global Management, Inc. (NYSE:APO) shareholders during Q3 2023.
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Disclosure: None. You can also take a look at 15 Countries With Highest Mortgage Rates and 12 Best Performing Cybersecurity Stocks.
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