5 Best Space Stocks To Invest In According To Hedge Funds

In this piece, we will take a look at the five best space stocks to invest in according to hedge funds. For more space stocks, head on over to 11 Best Space Stocks To Invest In According To Hedge Funds.

5. Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)

Number of Hedge Fund Investors in Q4 2022: 39

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) is one of the oldest rocket companies in the U.S., which also made the F1 engines that sent astronauts to the Moon. Currently, its engines power the SLS rocket, after also having flown the Space Shuttle. The firm is based in El Segundo, California.

By the end of Q4 2022, 39 of the 943 hedge funds polled by Insider Monkey had bought Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)’s shares. The firm’s largest investor in our database is Warren Lichtenstein’s Steel Partners which owns 3.5 million shares that are worth $201 million.

4. Maxar Technologies Inc. (NYSE:MAXR)

Number of Hedge Fund Investors in Q4 2022: 39

Maxar Technologies Inc. (NYSE:MAXR) is one of the world’s leading satellite imagery services providers that meets the needs of both governments and private companies. The firm is headquartered in Westminster, Colorado.

As last year’s fourth quarter ended, 39 of the 943 hedge funds surveyed by Insider Monkey had owned a stake in the company. Out of these, Jeffrey Jacbowitz’s Simcoe Capital Management is Maxar Technologies Inc. (NYSE:MAXR)’s largest investor through a $144 million stake that comes via 2.7 million shares.

3. Northrop Grumman Corporation (NYSE:NOC)

Number of Hedge Fund Investors in Q4 2022: 49

Northrop Grumman Corporation (NYSE:NOC) is an American company and another crucial player in the space industry. It is responsible for having made the James Webb telescope, the solid rocket boosters for the SLS rocket, and a cargo spacecraft for NASA.

Insider Monkey took a look at 943 hedge funds for their December quarter of 2022 investments and found out that 49 had bought Northrop Grumman Corporation (NYSE:NOC)’s shares. The firm’s largest investor in our database is Rajiv Jain’s GQG Partners which owns 784,927 shares that are worth $428 million.

2. The Boeing Company (NYSE:BA)

Number of Hedge Fund Investors in Q4 2022: 53

The Boeing Company (NYSE:BA) is the biggest player in the astronautics industry, and it makes satellites, rocket components, as well as spaceships for humans.

53 of the 943 hedge funds polled by Insider Monkey had invested in the firm during Q4 2022. The Boeing Company (NYSE:BA)’s largest investor is Israel Englander’s Millennium Management which owns two million shares that are worth $382 million.

1. Lockheed Martin Corporation (NYSE:LMT)

Number of Hedge Fund Investors in Q4 2022: 53

Lockheed Martin Corporation (NYSE:LMT) is another major astronautics player that makes satellites, spacecraft, and rocket components. It is based in Bethesda, Maryland.

As of December 2022, 53 of the 943 hedge funds polled by Insider Monkey had bought a stake in Lockheed Martin Corporation (NYSE:LMT). Out of these, Rajiv Jain’s GQG Partners is the company’s largest shareholder since it owns 1.1 million shares that are worth $559 million.

Disclosure: None. You can also take a look at 50 Poorest Countries in the World and 5 Biggest E-Commerce Companies in USA.

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