Jorge Paulo Lemann’s Hedge Fund 3G Is Betting On These 5 Stocks

2. Analog Devices, Inc. (NASDAQ:ADI)

Number of Hedge Fund Investors: 62

3G Capital’s Q4 2023 Investment Value: $30.77 million

Analog Devices, Inc. (NASDAQ:ADI), an American semiconductor company, focuses on designing, manufacturing, and marketing analog, mixed-signal, and digital signal-processing integrated circuits. In its fiscal Q1 results, the company reported an adjusted EPS of $1.73, surpassing estimates by $0.02. Despite a 22.8% year-over-year decline, revenue reached $2.51 billion, exceeding estimates by $10 million.

At the end of December 2023, 62 hedge funds owned stakes in Analog Devices, Inc. (NASDAQ:ADI), compared with 64 in the previous quarter, as per Insider Monkey. The collective value of these stakes is over $4.44 billion. With over 4.3 million shares, Generation Investment Management was the company’s leading stakeholder in Q4. 3G Capital reported owning $30.77 million worth of stakes in the company for the same quarter.