5 Best Long-term Stocks To Buy For High Returns

2. Albemarle Corporation (NYSE:ALB)

Number of Hedge Fund Investors in Q2 2023: 57

Albemarle Corporation (NYSE:ALB) is an American chemicals company that is one of the biggest lithium companies in the world. The firm is currently trying to buy an Australian lithium company for a $4.24 billion price tag, but the deal is facing hurdles from shareholders.

By the end of this year’s second quarter, 57 out of the 910 hedge funds tracked by Insider Monkey had bought and owned the chemicals company’s shares. Out of these, Albemarle Corporation (NYSE:ALB)’s largest shareholder is Philippe Laffont’s Coatue Management as it owns 691,853 shares that are worth $154 million.

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