5 Best Industrial Machinery Stocks to Invest in

Page 5 of 5

1. General Electric Company (NYSE:GE)

Number of Hedge Fund Investors In Q4 2023: 92

General Electric Company (NYSE:GE) is an American industrial machinery company that sells aircraft components, power generation products, and other heavy duty equipment. The firm is heading for a historic three way spinoff in April 2024, that will create three companies focusing on aerospace, healthcare, and power.

92 out of the 933 hedge funds covered by Insider Monkey’s Q4 2023 database had invested in General Electric Company (NYSE:GE). Chris Hohn’s TCI Fund Management was the biggest shareholder through its $5.3 billion stake.

Follow General Electric Co (NYSE:GE)

Disclosure: None. You can also take a look at the 10 NASDAQ Stocks with Biggest Upside and 15 US States that have the Death Penalty.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Follow Insider Monkey on Twitter

Page 5 of 5