After identifying the most popular stocks among hedge funds (see our top 10 here) according to their third quarter 13F filings, we have decided to break down the top ten stocks that hedge funds love in the auto industry. Rising prosperity in various emerging countries, including China, looks set to boost overall auto demand in the coming years. Also fueling growth is the pent up demand due to a high average vehicle age, currently around 11 years old. Our list includes the hundreds of hedge funds and prominent investors that are required by the SEC to disclose their public equity holdings quarterly. In descending order, we have outlined the most-loved automakers based on the aggregate number of funds owning each.
Honda Motor Co Ltd (NYSE:HMC) had nine filers owning the stock, putting it tied for ninth. This Japanese automaker, along with its peer Toyota, is still finding traction following the Japanese earthquake that decimated production levels and put domestic demand in the gutter. Honda pays a 2.5% dividend yield, well above Toyota’s 1.75% yield. Please go to Insider Monkey for the full article on the auto stocks loved by hedge funds.