5 Best Industrial Stocks to Buy According to Hedge Funds

2. TransDigm Group Incorporated (NYSE:TDG)

No of Hedge Fund Holders: 67

TransDigm Group Incorporated (NYSE:TDG) is a Cleveland, Ohio-based aerospace manufacturing corporation. The company has secured the second position on our list of the best industrial stocks to buy according to hedge funds.

At the end of Q1 2023, 67 elite funds held a stake worth over $5.56 billion in TransDigm Group Incorporated (NYSE:TDG). AltaRock Partners was the leading hedge fund investor in the company during the first quarter of the year.

Here’s what Vulcan Value Partners said about TransDigm Group Incorporated (NYSE:TDG) in its Q1 2023 investor letter:

“Additionally, Skyworks Solutions, Amazon, and TransDigm Group Incorporated (NYSE:TDG) were all material contributors during the quarter. We have discussed these companies at length in prior letters. TransDigm Group reported strong results during the quarter including an increase in revenue, and the company positively revised its outlook for the year. All three of these companies are executing well, their theses are intact, and we are pleased to own them at a discount to our estimate of intrinsic value.”