5 Most Profitable New Stocks Today

3. GLOBALFOUNDRIES Inc. (NASDAQ:GFS)

Trailing Twelve Month Net Income: $1.4 billion

Number of Hedge Fund Holders in Q3 2022: 25

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) is an American foundry that is one of the few of its kind with chipmaking facilities on U.S. soil. The firm is based in Malta, New York.

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) scored a big win in February 2023 when it signed an agreement with General Motors to dedicate capacity solely to the car maker’s supply chain. Insider Monkey took a look at 920 hedge fund holdings for the third quarter of last year and determined that 25 had invested in the chipmaker.

David Goel and Paul Ferri’s Matrix Capital Management is GLOBALFOUNDRIES Inc. (NASDAQ:GFS)’s largest hedge fund shareholder. It owns 18.4 million shares that are worth $996 million.

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