5 Stocks Hedge Fund Legend Donald Sussman is Buying

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1. Otis Worldwide Corporation (NYSE:OTIS)

Donald Sussman’s biggest new stock purchase of Q3 was in the shares of Otis Worldwide Corporation (NYSE:OTIS), of which Paloma Partners bought 170,426. That stake was valued at $14.02 million at the end of September, making it the fund’s fifth-largest long position.

Otis Worldwide Corporation (NYSE:OTIS) shares gained 33% in 2021 as Otis Worldwide Corporation (NYSE:OTIS) posted impressive quarterly results for both the second and third quarters of the year. The elevator maker’s revenue rose by 22% year-over-year in Q2 to $3.7 billion amid strengthening demand and recovery in its markets, then beat estimates again in Q3, coming in at $3.62 billion.

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