5 Best Space Stocks To Buy According To Hedge Funds

2. Lockheed Martin Corporation (NYSE:LMT)

Number of Q4 2023 Hedge Fund Shareholders: 58

Lockheed Martin Corporation (NYSE:LMT) is the well known American defense contractor with one of the most technologically advanced space divisions in the world. It’s Orion spacecraft has already made it to the Moon this century, and February 2024 saw the firm share that it has had to grow small satellite manufacturing capacity on the back of strong demand.

After scouring through 933 hedge funds for their December quarter of 2023 shareholdings, Insider Monkey found that 58 had held a stake in Lockheed Martin Corporation (NYSE:LMT). Josh Overdeck and David Siegel’s Two Sigma Advisors was the largest investor as it owned 772,600 shares that were worth $350 million.

Follow Lockheed Martin Corp (NYSE:LMT)