5 Best Ethanol Stocks To Invest In Now

2. Archer-Daniels-Midland Company (NYSE:ADM)

Number of Q4 2023 Hedge Fund Shareholders: 34

Archer-Daniels-Midland Company (NYSE:ADM) is one of the biggest farm products companies in the world, and since ethanol is closely liked to the corn industry, this also lends it a sizeable presence in the ethanol industry. Archer-Daniels-Midland Company (NYSE:ADM) is an ethanol trader and distributor, and the Justice Department is currently investigating its ethanol trading desk for price manipulation.

Insider Monkey scoured through 933 hedge fund portfolios for their fourth quarter of 2023 shareholdings and discovered 34 Archer-Daniels-Midland Company (NYSE:ADM) shareholders. Cliff Asness’s AQR Capital Management was the biggest investor as it held $158 million worth of shares.