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StockNews.com
StockNews.com
Business
Anushka Dutta

1 Auto Stock Hedge Fund Managers Are Buying Right Now

Headquartered in Hoofddorp, the Netherlands, Stellantis N.V. (STLA) designs, manufactures, distributes, and sells automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, and production systems globally.

Recently, STLA has grabbed the attention of hedge fund managers. For the quarter ended September 30, Jim Simons of Renaissance Technologies bought 4.87 million STLA shares, Israel Englander of Millennium Management bought 1.60 million, and Ken Griffin of Citadel Advisors bought 1.94 million.

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