5 Best Trucking Stocks to Buy

2. United Parcel Service, Inc. (NYSE:UPS)

Number of Hedge Fund Holders: 46

United Parcel Service, Inc. (NYSE:UPS) operates one of the largest and most sophisticated trucking fleets in the world. Their trucking services range from package delivery to larger freight operations, emphasizing reliability and extensive reach. United Parcel Service, Inc. (NYSE:UPS) is a key player in ground shipping, offering both LTL and FTL services to meet a wide array of logistics needs.

The hedge fund holdings in United Parcel Service, Inc. (NYSE:UPS) grew from 42 to 46 in Q4 2023, reflecting growing hedge fund interest. Moreover, the total value of these holdings increased from around $1.8 billion in Q3 2023 to approximately $2.1 billion in Q4 2023. This increase of about $323 million in investment value underscores a strengthening confidence among hedge funds in United Parcel Service, Inc. (NYSE:UPS)’s potential and outlook.